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3 years ago
Sat Mar 26, 2022 2:00 am
BrutalBodyShots
Senior AdministratorGoodwill Saturation Technique Author
BrutalBodyShots has been gardening for over 2 years.
BrutalBodyShots has achieved the Garden Goal !!
BrutalBodyShots has achieved the Garden Goal !!
I'm not talking personal ACL, but rather the average credit limit per account per American. Is there any data out there on that? Also I think it would be cool just as a group to see how everyone defines different credit limits... what (to you) constitutes a tiny limit, an average limit, a large limit, etc. We all have different lingo, so just go with what you typically say. For me, I'd probably classify them as the following:
Toy limit: Anything 3-figure
Average limit: Anything 4-figure
Big limit: $10k-$29.9k
Monster limit: $30k-$49.9k
Outlier limit: $50k+
That above would be if I were assigning 5 categories. I could easily see an argument to break the Average limit category into $1k-$4.9k and $5k-$9.9k.
If I were to create a shooting-from-the-hip bell curve of American credit limits I would think the bulk of them would fall in the "Average" range I referenced above. I don't know how much of them... maybe 70%? I then would think that the amount of 5-figure limits would probably exceed the amount of 3-figure limits, but not by a huge margin. I feel like Outlier limits are probably very small when looking at the big picture... my guess < 1%. I think since we're part of a credit forum and into this stuff that we may think the number is greater than that, but when you consider the sheer amount of sub-$50k limits I would imagine that there are easily 99 of them to every 1 that's $50k+.
Just curious to hear different opinions on this and have a fun little discussion.
Toy limit: Anything 3-figure
Average limit: Anything 4-figure
Big limit: $10k-$29.9k
Monster limit: $30k-$49.9k
Outlier limit: $50k+
That above would be if I were assigning 5 categories. I could easily see an argument to break the Average limit category into $1k-$4.9k and $5k-$9.9k.
If I were to create a shooting-from-the-hip bell curve of American credit limits I would think the bulk of them would fall in the "Average" range I referenced above. I don't know how much of them... maybe 70%? I then would think that the amount of 5-figure limits would probably exceed the amount of 3-figure limits, but not by a huge margin. I feel like Outlier limits are probably very small when looking at the big picture... my guess < 1%. I think since we're part of a credit forum and into this stuff that we may think the number is greater than that, but when you consider the sheer amount of sub-$50k limits I would imagine that there are easily 99 of them to every 1 that's $50k+.
Just curious to hear different opinions on this and have a fun little discussion.
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- Classic 8 Scorecard CLEAN/THICK/MATURE/NO-NEW-REVOLVER
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