Quote:
Originally posted by lumberjim
i was thinking the same....and i see it first hand.....
here, let me look through the deals in my office right now and i ll give you some REAL stats:
1..bad credit customer...$194 in revolving debt
2.good credit cust : Revolving $14,628
3. fair credit : $1742
4. excellent credit: 13,369
5. good credit: $5567
6. good credit: $1677
7. super excellent credit : $0
8. good credit since a bankrupcy in '01: $2324
9. really bad credit: $7462
10. decent credit: $43,538
I have seen as much as 125,000 in credit cards
gawd.
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I had a guy once who had $158,000 in revolving. No cars, boats, houses, rv's, etc. included in that number. That came to nearly a full million$$$$$$. He didn't think it was any big deal. Poor SOB barely made $200k/year but thought $158k in revolving was no big deal. He wouldn't consolidate so needless to say I didn't do his loan.