Re: CC Limits
I have a business loan (for cows) that has a yearly payment of ~ $13,000, and every year, I sell my inventory (the calves) to pay that off. But, when I was getting a mortgage earlier this year, that loan caused a bit of trouble because it looked like I had a $1100 payment due every month and they thought I was overextended. I had never missed a payment, but I had to have the vice president of the bank I have that loan with explain the business arrangement.
Maybe a little off tipic, but it just goes to show you that your credit score is not all that the lender looks at.
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