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diddiyo · 02-14-2009, 07:47 PM

Hi!

I have a question since I don't know a whole lot about financing and stuff. Until recently I had a student credit card with a small limit and I only got a regular credit card a few weeks ago. My score is +750, but my limit on the "regular" CC is not (yet) a whole lot higher than on the student credit card. I never really put a lot on it (unless I'm traveling etc).

Whenever you hear people talk about credit etc you only hear "credit score" but never "credit limit". Do the two in any way relate to each when applying for an auto loan? Or is it only the "debt-ratio" that matters?

Thanks in advance

02-14-2009, 07:47 PM	#1
diddiyo Drives: . Join Date: May 2008 Location: . Posts: 3,048	How do creditscore and creditlimit relate to each other when applying for a car loan? Hi! I have a question since I don't know a whole lot about financing and stuff. Until recently I had a student credit card with a small limit and I only got a regular credit card a few weeks ago. My score is +750, but my limit on the "regular" CC is not (yet) a whole lot higher than on the student credit card. I never really put a lot on it (unless I'm traveling etc). Whenever you hear people talk about credit etc you only hear "credit score" but never "credit limit". Do the two in any way relate to each when applying for an auto loan? Or is it only the "debt-ratio" that matters? Thanks in advance