- Green Member
- Posts: 24
- Joined: Sun Nov 03, 2013 11:06 pm
- Location: Minnesota
So the issue is that apparently my utilization is higher than my income. Does this only reflect my credit card utilization or overall utilization including installment loans. I have tons of student loans from undergrad as well as current graduate student loans. I also have an auto loan as well. I currently have a very part time job that I just recently started. (haven't even received my first paycheck yet) That was the reasoning of why I was declined for the cc from Wells Fargo.
If this is due to just my cc utilization and I pay everything off, should I consider applying for a different card? (I'm interested in the Chase Freedom) Also, on average how long can my hard pulls be viewed by creditors? For the record, my utilization isn't very high, its less that 25% percent. I have a feeling they consider my installment loans vs. my income as well, which I am hoping is not the case.
Discover IT - $9500
AMEX BCE - $9000
Chase Freedom - $5000
Capital One Quicksilver - $2700