We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
"Available" credit?
unidentified
Posts: 123 Forumite
in Credit cards
In credit report, in summary section there is part that is marked "Available Credit".
Is this the amount of credit that you currently have that is unused, or is this credit that may be available to you if you applied for more credit?
If it's the first, is there any way to tell or estimate what further credit amount you could obtain (by getting a new card) based on the existing credit you already have?
Is this the amount of credit that you currently have that is unused, or is this credit that may be available to you if you applied for more credit?
If it's the first, is there any way to tell or estimate what further credit amount you could obtain (by getting a new card) based on the existing credit you already have?
0
Comments
-
A way to estimate what further credit you might get is to compare your income to your total current unsecured credit (total debts and any unused credit).
At the moment the highstreet lenders seem unwilling to go much above 50% of your income. Sub prime might go higher.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0 -
It's the first.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 349K Banking & Borrowing
- 252.4K Reduce Debt & Boost Income
- 452.7K Spending & Discounts
- 242K Work, Benefits & Business
- 618.5K Mortgages, Homes & Bills
- 176.1K Life & Family
- 254.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards