This is a research recently performed by CreditKarma that shows a relationship between credit score and credit limit. I'm sure AOR people scored on the top margins.
If their chart show the national average, than one knows what to expect in credit limits these days.
Keep in mind that CreditKarma is a commercial firm, and do not expect it to be purely academic.
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posted: Nov. 19, 2009 @ 1:34p
tlvx
Member
posted: Nov. 19, 2009 @ 1:43p
The credit score is irrelevant to the credit limits alone. What they fail to mention is that your average credit limit and debt to credit limit ratio are much more important factors in underwriting.
tlvx said: The credit score is irrelevant to the credit limits alone. What they fail to mention is that your average credit limit and debt to credit limit ratio are much more important factors in underwriting.I'm thinking income plays a rather significant roll in determining credit limit as well.
RS4Rings
Back in Rehab
posted: Nov. 19, 2009 @ 6:01p
Try getting a $200k line on score alone, Wont happen. Involved sending in a couple years of tax returns along with statements showing assets
Glitch99 said: tlvx said: The credit score is irrelevant to the credit limits alone. What they fail to mention is that your average credit limit and debt to credit limit ratio are much more important factors in underwriting.I'm thinking income plays a rather significant roll in determining credit limit as well.
Income is probably imputed from debt load in most cases. It's work to verify income, but it's easy to see what the turnover is on the various CLs.
retmil
Senior Member
posted: Nov. 20, 2009 @ 9:37a
RS4Rings said: Try getting a $200k line on score alone, Wont happen. Involved sending in a couple years of tax returns along with statements showing assets Easy to get (4) 50K lines with just a good score. No docs required.
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