Posts tagged "Open"

What does it mean if I was turned down by a credit card due to “sufficient open lines of credit?”?

Question by LC: What does it mean if I was turned down by a credit card due to “sufficient open lines of credit?”?
I applied for a credit card and was turned down due to “sufficient open lines of credit.” Isn’t that a good thing? My credit score is around 809.
I applied for a credit card and was turned down due to “sufficient open lines of credit.” Isn’t that a good thing? My credit score is around 809.

Additional questions: where are you answerers copying these answers from? And what’s your incentive to post duplicate answers?

Best answer:

Answer by dis_orient_ed
You scored low because you have been applying everywhere and your credit has been check to many times in a short period. (It makes your score go down.)

You already have two or three lines of credit from that source. Even though the issuer has different names, it is the same bank.

Know better? Leave your own answer in the comments!

2 comments - What do you think?
Posted by Trevor - September 12, 2012 at 1:55 pm

Categories: Credit Score Questions   Tags: , , , , , , ,