Search results for query: over leverage

Hi Recently my sbi Cashback card application rejected due to over leverage as per customer care. Currently my total limit is 47lakhs with 11 cards(11years credit history )and net of 1.21L/month. So does anyone how much I need to bring down the credit limit. Is bringing down the credit limit is...

Aurum card application rejected due to over leveraged. But RM and his manager trying to get exception approval. Is this possible?? Did anyone got exception approval??

Yeah over leverage!!!!

Currently I hold close to 10 cards with ITR of 30L & overall credit limit across all the cards 43L. I don't have any SBI credit card and looking to apply one. CIBIL of 781 & no defaults. So my question is am I over leverage according to SBI?? Shall I apply directly or reduce my exposure?

There is no issue of over-leverage, nor were there too many recent credit inquiries when I last applied. However, the problem might be that I have a Fi account, along with a stock trading account opened through INDmoney. Because of this, I am neither opening an account with Federal Bank, nor are...

Most govt banks do check the number of cards on holds and reject if there are too many with the reason 'over leverage'

...card and it was denied with internal policy decision as response. I went to the bank and found out that the reason specified was “over leveraged”. I have no outstanding loans. I never missed a single payment and have over 800 CIBIL score. In fact I closed SBI Simply click card in 2018. I...

I think FED also religiously follows over leverage concept.. make sure you are not over leveraged and not many recent enquiries

I know this fact and that's why I shared the overall CL in the question. As of now, I have never faced the over leveraged issue and I already have SBI Cashback card.

But sm ppl on this community have been able to get approved despite of over leveraged. You can try.

...CIBIL as 2 cards no? So does that mean I should close cards only who are shows as separate?? Damn Amex also report seperately at CIBIL, even kotak too. Why some banks report cards as one and some don't?? Anyways, if someone was able to fix over leveraged issue and how, let me and all of us...

Chill as you got the card no need to worry about over-leverage anymore. Yes, the total limit across all card accounts. Like Axis, they report separately so I have 2.1L but in cibil it will reflect 6.3L(3 Axis cards). ICICI Gemstone Series cards one account and Apay separately. IDFC also...

yep. They do.

I have Cibil 779 and total limit of 9 cards is 13.5 L my annual income is 6 L am I over leverage for sbi card should I apply or not ??

For over leverage will it count seperate card limit of same bank?

anyone got hsbc card after holding 10-15 cc already? or is it directly rejected like sbi says over leveraged

I have only 1 card from SBI and now I'm over-leveraged for them 😭

Well try for cc after closing that loan. As on now you are over leverage. If bank says you are over leverage it says this after calculating your all expenses loans cards cc etc.

I think Yes.....as the total limit in CIBIL (for overall utilization ration) adds up the limit of cards (add separately) issued on shared basis

Over leveraged 😉