Search results for query: over leverage

Over leverage hone pe card nahi milta . Per txn to ker hi skte ho.

My thoughts exect, amex also rejects for same

What is considered over leverage? If your total CL is half of your ITR, is that okay?

When I decreased my cards limit from idfc n hsbc they told again limit cannot be increased. I was ok with decreasing since these are not my primary cards. I reduced from 10L to 5L in idfc and 5.3L to 2L in hsbc

SBI considers someone over-leveraged when the total credit limit across all the credit cards held by the person significantly exceeds their annual income. They use this ratio (Total Credit Limit / Annual Income) to determine the risk involved in lending a credit card to the person. The higher...

I have PL interest rates of 10.25% and 20%. I can digest any interest rate to manage a short-term crisis. I am over leveraged. I understand the risk well. My eligibility wont fit based on salary. Because my EMIs including cards are well above 2L pm.

Hoping for the same . I had 11 credit cards. Now closed 5. Currently having 6 ,also decreased ICICI credit card limit to 50%. Now my annual income (in cibil history) is more than my current total limits of all the credit card. Is there any hope of getting the card this time? I already hold Sbi...

If your Credit limit range crosses above 1.5 times (Estimated) your ITR then SBI may consider you over leveraged. Lucky I have not crossed even 1 time of my ITR value, very few LTF card and limited paid cards. I was waiting for SBI to approve my card so that I can freely apply for other cards :)...

Stuck with MB+ for last 4 yrs😪

Do you have any loans/paylaters? Other than 19L?

I am new to sbi cards. May i know what is the over leverage criteria and how does it affect? What is the limit

They consider Combined Credit limit from all banks as per credit bureau More than 10 lakhs considered as over leverage. Best to have sbi cc in the beginning if ones to hold all other bank cc's

Can someone explain how SBI consider over-leveraging? For instance, I have 3 HDFC credit cards with a limit of ₹1.1L (shared). Since each card is reported separately to the credit bureau, will the total limit be considered as ₹1.1L or ₹3.3L? Similarly, how does this work for ICICI and Axis...

Kitna score hona chahiye approx? And overlevarage kaise calculate hota hai? Better be safe about this before applying. Kyuki abhi nayi joining ki hai ek company mein, to compensation double ho gaya approx.

meri already overall limit 40L ki hai.. aur nahi badani..over leverage hojayega

quite possibly yes

Yes Yes my credit card declined reason U 2 But ye income to puchte nahi pan card no par hi declined karte hain inhe kaise pata meri income kitni he or agar meri income increase hoti he to inhe kaise pata chalega .

ofc u r overleveraged

I have salary account with them & net monthly salary of 3 L. I have couple of big FD also with them. ITR 45 L. I have there simplyclick & vistara card. Still I don't get LE due to over leverage 😂

Did u ask for a FLIP/SWAP for your existing CC or you applied for the LIVE+ CC separately? Hope you understood my question?