• criticon
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    3 months ago

    This is weird. They probably only have 1 cc with a very low credit limit that doesn’t let create a good picture of how they are managing debt

    I’ve never paid interest but I have 7 credit cards and about $50k in credit. I was able to get 2 loans for cars and I’ve been offered good mortgage rates

    • Maggoty@lemmy.world
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      3 months ago

      The people doing the car loan see that 50k in available credit as an emergency back up too, so to a point, having credit available can get you more credit. It’s also in a ratio with your income too though.