- Posts: 2
- Joined: Wed Aug 17, 2016 10:21 am
I have a long and complicated credit history.
In the late 90's to mid 2000's I was riding the internet wave and maintained steady employment in the industry. I took out a couple of credit cards eventually ended up with an Amex Gold card which I was quite proud of.
Then came the bust...and by bust I mean more than the internet industry. I was laid off from a six figure job and started working jobs in the mid $50000 range. I kept paying the cards and never had a late payment.
Then I had some marital issues. Bad ones. One thing led to another and I ended up following my wife overseas in an attempt to save our marriage. When we left I had every intention of maintaining my credit cards and paying off the balances (in the $25,000 range). But one thing lead to another and I ended up just ignoring my balances and withdrawing from society.
I was overseas for 9 years and only the occasional collection letter made it to my hands. Last year we decided it was time to move home because the kids will be going to college soon. We moved back to the US in May and by August I was receiving credit card offers! I thought someone must have made a mistake by offering me a card but I applied anyway for a Chase Freedom card.
By some miracle I was approved...with an $11,000 limit. What gives? Why would someone who disappeared from Western Civilization, and who skipped $25,000 in debt and then had no credit activity for 9 years be offered a card with an $11,000 limit?
Mind you I am not complaining and I am meticulously maintaining good standing with Chase, but I was reading a post here about average credit limits and was shocked to read that my limit is double what most people get.