So you're saying there isn't a cut-off?
Or are you saying there is a cut-off?
No.So you're saying there isn't a cut-off?
Or are you saying there is a cut-off?
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So you're saying there isn't a cut-off?
Or are you saying there is a cut-off?
No.So you're saying there isn't a cut-off?
Or are you saying there is a cut-off?
Okay new score out but shit is very tight now so will be calling the bank later to see if they'll up the limit to what I need and then go from there.expenses monthly are about 18k
Ad another 15k ontop of that ( which I'll need the credit for ) not avoidable unfortunately
I'll have a big influx in early to Mid jan so will settle the debt inside 55 days and then lower to a more reasonable limit but ja...
Score 585 :/
I think at this point your credit limit will be determined by your credit score and income/expenses, won't it? You can apply for a CC limit increase but your bank will determine whether you qualify based on your score and other factors, I think - you can't tell them what you think you want the limit to be.Okay new score out but shit is very tight now so will be calling the bank later to see if they'll up the limit to what I need and then go from there.
MRP account closed last month which is reflecting
Score went up to 618 , which still feels low ?
I only have the credit card which I'm paying monthly into 5k , ( the credit card limit is 2.5k -_- ) I just use it so much that repayment is what i need to cover everything i use it for.
What do you more finance mature people think
30k Limit or 50k Limit ?
30k I should be fine over dec and have everything settled by late feb , 50k i can comfortably cover everything and unforseens while still making way over the repayment
In theory the repayment for a 50k limit should be R1 390 , which i can make suppppper comfortably
But I'm scared the 50k will get rejected and then the 30 for sure cause it will be two hard inqueries and then I can't study next year and might be very tight come end Jan
That makes alot of sense , perhaps should just call them and see what they offer.I think at this point your credit limit will be determined by your credit score and income/expenses, won't it? You can apply for a CC limit increase but your bank will determine whether you qualify based on your score and other factors, I think - you can't tell them what you think you want the limit to be.
You can also try apply for a short-term loan?
From what I have seen they will normally go up to about 2.5x your total monthly income on average, so say you earn 10k per month they will allow up to 25k limit. Having a long credit history with a high score can allow for more though. My first ever card was roughly equal to 1 month salary, the last time I got a card they offered about 4x my salary.30k Limit or 50k Limit ?
2.5 my gross is actually exactly 50kFrom what I have seen they will normally go up to about 2.5x your total monthly income on average, so say you earn 10k per month they will allow up to 25k limit. Having a long credit history with a high score can allow for more though.
My credit limit is R10k, Std Bank stopped offering me increases after I kakked on them for not taking no for an answer. Can cover a basic emergency, for everything else my current account will step in.Okay new score out but shit is very tight now so will be calling the bank later to see if they'll up the limit to what I need and then go from there.
MRP account closed last month which is reflecting
Score went up to 618 , which still feels low ?
I only have the credit card which I'm paying monthly into 5k , ( the credit card limit is 2.5k -_- ) I just use it so much that repayment is what i need to cover everything i use it for.
What do you more finance mature people think
30k Limit or 50k Limit ?
30k I should be fine over dec and have everything settled by late feb , 50k i can comfortably cover everything and unforseens while still making way over the repayment
In theory the repayment for a 50k limit should be R1 390 , which i can make suppppper comfortably
But I'm scared the 50k will get rejected and then the 30 for sure cause it will be two hard inqueries and then I can't study next year and might be very tight come end Jan
Fuck knowshow accurate is clearscore? I've been sitting at 670 rating on clearscore for like a year now
It is from Experian & the algorithm is slightly different to the banks (may even use Experian as well - can also use Free Credit Check – Credit Score and Reports | My Credit Check @charizardingFuck knows
Banking app shows higher than clearscore
but 3 months ago it was the otherway round
in my opinion it lags by a few months by judging the balances.how accurate is clearscore? I've been sitting at 670 rating on clearscore for like a year now
This. You get punished for "not having enough accounts for us to track". So paying cash for everything is considered worse than having a million store accounts and paying them off.Still amazing that you're punished for being solvent and living within your means. How dare you!