Why am I being eligible only for bad credit CCs?

Cheeseburgler

Anthorn wrote: »

It's a catch 22 situation. On the one hand you may have maxed your available credit so you reduce your limits but then your reduced limits tell lenders that the limits were reduced because it was judged that you are a worse risk than before.

It looks to me like you already have decent credit cards but that depends on how "decent" is defined.

Usually we don't reduce available credit and then apply for more credit. Lenders will think doing that is very suspicious and mark you out as a bad risk.

The solution is time: Keep up the payments and reduce your credit utilisation and don't reduce any more limits. Every month that passes will show you as being more and more reliable.

I forgot to multi quote in my previous message.

I reduced my limits only mid July so it can't be that the reason why I seem to be seen as a big risk. It's been at least 3 or 4 months that the eligibility checkers tell me I am eligible only for subprime cards, this with not even late payments whatsoever.

Nasqueron

Cheeseburgler wrote: »

I already do pay more than the minimum payment. I'd rather not involve my partner in my debts and put them in his name. It's better like that.

I thought bad credit was having defaults or worse, otherwise everyone who has a balance on their cards that is not fully cleared every month has bad credit automatically then going by that logic.

Bad credit rating and bad financial management can be mutually exclusive or go hand in hand, you're seen as a risk due to holding debt on multiple accounts. Give it 3 months of continual paying and try again with debts lower

Sncjw

Why can't you pay them off if you have no fianancial responsibilities then. Pay them off.