What is fair credit on a credit card

April 20th, 2008

When you have been paying your bills on time for years, have acquired several loans and paid them back, own a car that you faithfully made payments on and even own a house that you’ve never missed the rent on, what is the Credit Card Fair Credit limit? Well it depends on where you go. Some companies see this as an excellent risk and will give you a high credit limit that equals your devotion and time in paying your bills on time. Other companies will give you a low rate still until you prove through paying them on time that you deserve a higher credit limit and lower interest rate.

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Entry Filed under: Business

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