Aspect Learning Guide
Credit cards
Lenders usually assess credit card limits, not just balances. Reducing unused limits may improve borrowing capacity.
Credit cards explained in plain English
Lenders usually assess credit card limits, not just balances. Reducing unused limits may improve borrowing capacity.
Limits matter
A $20,000 credit card limit can reduce borrowing capacity even if the card is paid off monthly.
Why it matters
Lenders assume you could draw the limit after settlement.
Before applying
Review limits early rather than at the last minute.
General information only: This guide does not take into account your personal objectives, financial situation or needs. Lending policy varies between lenders.