Jump to content

Which cards grant credit with UT over 50%?


Recommended Posts

You would need another $300k in revolving credit or a $75k signature loan to lower your UT to 25%.  I don't know of any lenders that will give that kind of money on a signature loan with a decent interest rate.  I also don't know any credit card companies that give more than $10k-$20k limit on a brand new account.  You might have some luck with a CLI after you open the account, but it's a gamble in that you have to first open the account.

If you own a home, I'd go with a 2nd mortgage or HELOC to pay off your credit cards.  Neither of these are factored in to UT, so you could get a $100k 2nd mortgage and drop your UT to under 20%.  And with a credit card or signature loan you won't be able to come anywhere near the interest rate you would get on a 2nd/HELOC.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.