I guess it mostly depends on how much new stuff you charge.
2007-02-24 12:41:21 · 6 answers · asked by fresh2 4 in Business & Finance ➔ Credit
I had a $35,000 credit limit on a Mastercard. When I maxed it out and paid it off with a home equity loan, I asked the provider to reduce the limit to $3,500. I did this with all my cards but I maxed them out again.
The total credit limits on my cards had reached $70K.
2007-02-24 17:08:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I don't know, but this is definitely not a good idea. Credit cards charge astronomical interest. If you need to borrow some money, go to a bank or to a relative.
2007-02-24 20:46:41 · answer #2 · answered by Marcella S 5 · 0⤊ 0⤋
I have friends that have a severe credit card habit,,,,,,between the two of them they have like 20 cards, they have bought cars, trips, clothes, jewelry, antiques, pets..........you name it!! They frequently can only afford to make a minimum payments so I am sure they are past the 100,000 make by now.
2007-02-24 20:48:15 · answer #3 · answered by irish eyes 5 · 0⤊ 0⤋
First of all, no bank will give you credit for $100,000 without a collateral...like a house?! Most you can get from one bank without any collateral is probably about $10,000. You can go up to $50,000 with no collateral but that usually applies to unsecured business loans.
2007-02-24 21:10:03 · answer #4 · answered by ALEGNA 3 · 0⤊ 1⤋
Why would you even want to be that far in debt? Are you just nuts? I have been that far in student loans (not ccs), I promise it sucks. Now I live w/o borrowing. Imo, you should, too.
2007-02-24 20:48:57 · answer #5 · answered by Ryah B 2 · 0⤊ 0⤋
Until you are dead or in prison.
2007-02-24 20:45:44 · answer #6 · answered by Anonymous · 0⤊ 1⤋