Like request

[ChaimMoskowitz]

I was kidding...

Your emojis not working either?

[mmgfarb]

Your emojis not working either?

Mine are working fine, can't get yours to work?

[ChaimMoskowitz]

Mine are working fine, can't get yours to work?

Not with Edge browser.

[ExGingi]

Because unsecured debt is unsecured debt.  That 0% offer is great for you and you have every intention of paying it back responsibly.  But things happen.  Kids get cancer, family members die, cocaine habits are formed or reappear, people get hit by buses, recessions come, companies go BK.

Unsecured debt is a riskier investment for creditors.

There's no question that unsecured debt is riskier. But if one account is an outlier, there's usually a reason for that. And all the reasons you mentioned above, have to do with total debt, not with that one account (we're talking from the perspective of a creditor considering granting additional new credit).

[myi]

 Wow davidrotts you worked really hard for your few likes you received.
 Well deserved this time around.
9 likes given to your like count.
4 hidden and the rest publicly liked.

[ExGingi]

Wow davidrotts you worked really hard for your few likes you received.
 Well deserved this time around.
9 likes given to your like count.
4 hidden and the rest publicly liked.

I guess @davidrotts63 can feed his family now for a while. 

[davidrotts63]

Yay!!

[myi]

I guess @davidrotts63 can feed his family now for a while. 

  Kids off to camp he will have what to pack their bags with. Lol

[PillanSmye]

The 95% I wasn't sure about, but when I say 100% and 99% it's a difference of over your limit (> 100%) and maxed out (<99%).

I'm not even sure if there's an over the limit penalty.  Visa Sigs etc routinely let you go over your limits.  You just can't revolve the balances over your limit.

Anything over 89% is considered maxed.

[PillanSmye]

There's no question that unsecured debt is riskier. But if one account is an outlier, there's usually a reason for that. And all the reasons you mentioned above, have to do with total debt, not with that one account (we're talking from the perspective of a creditor considering granting additional new credit).

Your feelings are just that...your feelings.

FICO algorithms give zero credence to your feelings.

FICO algorithms don't care about your 0% balance transfer.  They don't care that you just put a roof on your house and wanted miles.  They don't care you bought a server farm and wanted AMEX protections.  They don't care you were MSing your XXX card at XXX merchant for a 3% profit.

[aygart]

Your feelings are just that...your feelings.

FICO algorithms give zero credence to your feelings.

FICO algorithms don't care about your 0% balance transfer.  They don't care that you just put a roof on your house and wanted miles.  They don't care you bought a server farm and wanted AMEX protections.  They don't care you were MSing your XXX card at XXX merchant for a 3% profit.

But why would it care that the thousand dollars is on one account with a lower limit over whether it is spread over several or on a different account with a higher limit?

[davidrotts63]

I'm not even sure if there's an over the limit penalty.  Visa Sigs etc routinely let you go over your limits.  You just can't revolve the balances over your limit.

Anything over 89% is considered maxed.

I stand corrected (before fully understanding ).
The numbers >90% are all the same, or is there any other numbers there?

[PillanSmye]

But why would it care that the thousand dollars is on one account with a lower limit over whether it is spread over several or on a different account with a higher limit?

It doesn't matter why it works that way. That's how it works.

[ChaimMoskowitz]

It doesn't matter why it works that way. That's how it works.

You stated how it works clearly. Now we are in the 20 question stage. My advice is, don't answer!!!

[davidrotts63]

You stated how it works clearly. Now we are in the 20 question stage. My advice is, don't answer!!!

No! Every time he answers something, even if it's a stupid question there is always a valuable piece of information stuck in there.
Ask stupid questions people! There is so much we need to learn

[aygart]

That nice of you

[PillanSmye]

But why would it care that the thousand dollars is on one account with a lower limit over whether it is spread over several or on a different account with a higher limit?

It doesn't matter why it works that way. That's how it works.

Again, you keep interjecting your feelings into a proprietary algorithm that has been refined over time and belongs to a company with a market cap of $6 billion.

[ExGingi]

Your feelings are just that...your feelings.

FICO algorithms give zero credence to your feelings.

FICO algorithms don't care about your 0% balance transfer.  They don't care that you just put a roof on your house and wanted miles.  They don't care you bought a server farm and wanted AMEX protections.  They don't care you were MSing your XXX card at XXX merchant for a 3% profit.

What I said has nothing to do with my feelings. It's logic. I am not familiar with FICO algorithms to be able to say how they work. However, any algorithm that doesn't treat an outlier data point as such (not saying it should be ignored, but it definitely should be examined separately) is a flawed algorithm IMHO (which might be why manual underwriting would override it).

[davidrotts63]

It doesn't matter why it works that way. That's how it works.

Remember as you said earlier, this sort of logic can help for an underwriter just for the automatic scoring system its irrelevant.

[ExGingi]

It doesn't matter why it works that way. That's how it works.

Again, you keep interjecting your feelings into a proprietary algorithm that has been refined over time and belongs to a company with a market cap of $6 billion.

And I guess because it has been refined so much, it can be gamed.