What’s the point of High Balance?

Tips and Deals Forums Consumer Credit Credit Cards What’s the point of High Balance?

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 7 years, 2 months ago.

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    Anonymous

    Does anyone know? I used to think it was there to show potential lenders how much debt you can run up and your ability to pay it. For example a $0 balance today with a HB of $20,000 is excellent because it demonstrates your ability to repay $20k. Is that correct or does it not serve any specific purpose? I’ve always wondered. Thanks.

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