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How does a financial instution ascertain the credit limit of the customer?

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  #1  
Te vjeter 10-07-2007, 10:06
Minifotoja e anetarit haseeb s
I/e Sapoardhur
 
Reg: 10-07-07
Postime: 1
Kryesore How does a financial instution ascertain the credit limit of the customer?

How does a financial instution ascertain the credit limit of the customer?
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Te vjeter 10-07-2007, 10:16
Minifotoja e anetarit Bob Smith
I/e Sapoardhur
 
Reg: 10-07-07
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It depends most heavily on your ability to repay the debt. Even if you have a credit score of 850, you'll still be declined for a credit card with a limit of $20,000 if you only make $25,000 a year. Most often, they'll take your annual income, and divide by 10.
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