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Re: rickjc post# 103455

Monday, 04/25/2022 7:29:19 PM

Monday, April 25, 2022 7:29:19 PM

Post# of 119347
yes, exactly. Think about it. if your Loan Utilization is too high then you are a high risk and no bank will want to give you loan and if they did they will not give Millions or let alone "Billions". They will just give you like $2K the most. Take me for example, i have a credit card at $8K limit but i just took out a loan for $11K to pay off the credit card debt and guess what.... my $8K credit limit on that credit card drop down to a $2K limit because my credit utilization went up with this recent loan so the creditor adjusted my limit down because i am now a high risk with too much loans. <-- that is reality.

What is not reality is Henry Millions and Billions in Loans over and over and over. Millions in Loan here and Millions in Loan there but nothing to show on his financial. lol
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