From: See Change
One one the questions that the banks always ask people when they are applying for a new loan is what is your credit card limits?
Does anyone know how the banks use your credit card limits in calculating one's serviceability?
Is there a fixed calculation or does ones payment record get taken into account?
Is this a reason for getting rid of cards you don't use and cutting down your limits? MY bank ( which bank ?? ) has a habit of sending me notices that I have qualified for a higher limit without asking me whether I wanted it . To date I've accepted this ... but should I?
Happy investing see change
One one the questions that the banks always ask people when they are applying for a new loan is what is your credit card limits?
Does anyone know how the banks use your credit card limits in calculating one's serviceability?
Is there a fixed calculation or does ones payment record get taken into account?
Is this a reason for getting rid of cards you don't use and cutting down your limits? MY bank ( which bank ?? ) has a habit of sending me notices that I have qualified for a higher limit without asking me whether I wanted it . To date I've accepted this ... but should I?
Happy investing see change
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