Best of wishes with that!Ĭopyright ©2001- Fair Isaac Corporation.
Also, paying down total debts as you can afford to do so might help you get an increase. Hopefully you can get salary increases or work yourself back into equivalent employment over time.
Probably best to sit tight and be patient. Income alone can limit CLIs but as it decreases, the DTI ratio also increases on existing debt, even without adding anything to the mix. The DTI is sort of a double whammy in a situation like yours. Yes, income (and/or Debt-to-Income) is probably coming into play. Sorry to hear of the career setback, I went through one of those myself so I can identify. I figured income was the limiting factor but was curious to people's thoughts. Then they started approving cards but reassigning limits from existing cards.Ĭorrect, I lost my job during the pandemic so my credit limits have remained but my job and salary have changed drastically. I tapped out with six cards at less than 40%. (Perhaps your prepandemic income was much higher?). Chase often caps at no more than 40% to 50% of income, so they are already being very generous. In your situation, I'm not sure it would that with $30K limits on $40K income, any CLI is unlikely. Normally, heavy spend-and-pay on a Chase card can result in auto CLI but that is profile-dependent. You just can't move limits between business and personal accounts. You can usually move all except $500 and then you can close the donor card. If there are any cards you can live without, Chase will easily allow you to combine limits. Then they started approving cards but reassigning limits from existing cards. Gross income is $40K annually (pandemic resulted in job loss so I'm starting over).Īny shot at me getting some of these limits up and what's the best way to try and do that?Īgreed that with $30K limits on $40K income, any CLI is unlikely.
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