"Available Credit" good or bad?

HouseHuntr

I think you'll find that the majority (those in the know) are not wrong and have said what they've said because of information attained from credit suppliers and CRA's directly.

As for your link, the title and where it's from really answers your question

clio

HH
Why you say! Well IMO and i dont know a lot but too me it would look like your in too deep and they may not want you as a customer. There again i could be wrong because i'm not 100% what system they use..

HouseHuntr

clio wrote: »

HH
Why you say! Well IMO and i dont know a lot but too me it would look like your in too deep and they may not want you as a customer. There again i
could be wrong because i'm not 100% what system they use..

I think you've answered your own question based upon your limited knowledge

My current credit line is far from it's peak, but I'm reducing it slowly and voluntarily due to the current BOE base rates, no other reason.

You're only 'in too deep' if you dont manage debt responsibly and don't have the means to cover it. Not all debt is bad. Just look at the fundamentals of business management.

Money_Saving_Mark

HouseHuntr wrote: »

As for your link, the title and where it's from really answers your question

Well I've been following this guy's blog for a long time and he's got a lot of sensible advice. I think he's just as reliable a source as Martin, although it is an American site so not everything is relevant.

I'm sure some of the regulations regarding credit are different here compared to in the US, I imagine most of their habits are the same. Unless you know better?

Where can I get this information you speak of? Is it not the case that it's to the advantage of the credit suppliers that this information is difficult to attain?

I've heard a lot of conjecture but no-one's really given me even a reasonably sure answer.