Re:ChatGPT broke the EU plan to regulate AI
by Ekaros on Monday March 06, 2023 @06:44AM
(#35039884)
10 cards, with average of 3000 limit. Would mean you could take a 30000 more loans at high interest rates very quickly. It is not about having used and paid them, but capability to get loans beyond what you can manage very quickly.
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Re:ChatGPT broke the EU plan to regulate AI
by skissane on Monday March 06, 2023 @04:52PM
(#35048200)
It turns into a bit of a pointless ritual though - “I need a mortgage, I’m going to cancel cards I don’t use and slash my credit limits to maximise my borrowing power” - but no sooner have I bought the property, I will apply to increase them again, and they are unlikely to say “no”-even if the credit card is issued by the same bank as the mortgage. Or at least, that’s my personal experience in Australia