Search results for query: over leverage

Totally wrong fact, I procured Apay credit card after crossing 35.

Over leveraged mean u got too many credit cards with too much limit. All my card applications getting rejected due to this. I got like 20 credit cards.

800+. Showed decrease of credit limit from rs 4.8L to Rs 10k. 😩

are you an exsiting YES bank customer ? Are you a over-leveraged customer?

Read @SSV 's thread on CIBIL score, especially pro tip no. 2. https://www.technofino.in/community/threads/cibil-score-a-practical-guide.29167/

Most likely will be rejected due to over leverage.. your total reported CL to CIBIL is: 8.6L ( including doubling of ICICI cards ie. 1.2L + 1.6L + 2.9L + 2.9L). your ITR = 4.5L so in this case, your total CL is almost 2* ITR.. In the eyes of SBI, it will most likely be the case of Over...

-serviceable location: Mumbai - not over leverage (HSBC consider this): what is this? - >750 CIBIL score: Complied - 3 or less enquiries in last 3 months: Complied - no payment delays reported in CIBIL: Complied - salaried: Complied

Thats wrong info, try through other sources. Or apply directly by urself in icici site

The trick remains unknown as SBI gives generic reason live over-leveraged, how can a customer improve and reapply. I was thinking I am overleveraged and wasn't applying took risk recently got card approved.

SBI still considers me over leveraged 🤣🤣

all banks good we not even to think of this term only SBI says the term over leverage.....like 20l TEC they say 41 limit overall as over OMG

What should be the ideal ratio? From where does CIBIL takes the income data?

For most of the practical purposes, the income shown in CIBIL is for Display purposes only.. it was rarely considered as part of the decision purposes..

...if you escalate it to PNO. RBI complaint helps (yet to try). I managed to have an agent inform the exact reason, which is U2-approval over leveraged. Seems like I'm having too much credit limit then I'm supposed to (total high credit limit/earnings ratio). Common Reason -> Multiple cards...

I meant 10L transaction on all cards already done..

Mine also over leveraged. I had active 25 credit cards when I applied HSBC live+. and salary to limit ratio is 47x. and i have 3 hdfc credit cards and 4 axis cards. Cibil hit was 1 in the last 3 months. Still HSBC approved my card last month.

Then it shouldn't be over leveraged for me. I will need to check Thanks

That is mainly becuase SBI cards is an independent entity, nothing to do with SBI .. and they need to maintain RBI's guidleins of Capital to Risk-Weighted Assets Ratio (CRAR) .. They have limited Capital, deposits etc to cater to the needs of all these unsecured loans.. and SBI cards is the...

I want to get an SBI card just for offers before my profile gets over leveraged, which card would be easier to get and convert to LTF? I have a 5 years old SBI Savings account and even older PPF Account if it matters.