Bro, I don’t even know how people are getting into tens of thousands of credit card debt. My score isn’t the greatest (680) and I either get denied or approved for $1200 with 3000APR
Because there is a non-zero amount of people who still score 40-50k/yr jobs and then have absolutely no self control for the hedonism treadmill and start clarna'ing everything under the sun, add more credit cards
Take the "I want it, so I'll do it" mentality to trips through and to different countries. Taking out whole ass personal loans to go on a 10 day vacation in Italy and blow 20k with nothing to show for it.
Doomspending is out of control. If you can manage a 700+ score and manage the bills you can quickly rack up cards with decent limits. I could double or triple my current debt ceiling if I wanted.
My score is over 800 and they wouldn’t approve an increase in my credit limit earlier this year from $6,000 because I pay it off too quickly and they didn’t earn any money off my account lol. I just wanted more in case one big travel expense came up. So I also don’t get it lol.
My score was around a 680 before I got a card. Got up to about a 730 and then they approved me from $500 to $5,500 within a year. Now i'm at a 798 and I wonder if I should "let them make money off of me" to get a bigger limit or if I should just keep paying it off right away like you have been doing and then apply for a higher limit card once i reach an 800.
Yeah to be clear I’ve never applied for a second credit card, but I’ve had this one for just about a decade. My income is over 40x the limit but that didn’t matter fwiw.
Our move up to the Midwest came with a lot of trials and tribulations and I had to use my credit card to survive. It's really fucked me lately and unfortunately I can't really pay the monthly amount
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u/Isnthatneat 7h ago
Bro, I don’t even know how people are getting into tens of thousands of credit card debt. My score isn’t the greatest (680) and I either get denied or approved for $1200 with 3000APR