# car loan/insurance question **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [August 7, 2007, 9:22am UTC](https://forums.speedlife.net/t/car-loan-insurance-question/33546 "2007-08-07T09:22:36Z")\ **Posts on this page:** 1\ **Showing post:** 37
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [August 8, 2007, 1:30pm UTC](https://forums.speedlife.net/t/car-loan-insurance-question/33546/37 "2007-08-08T13:30:28Z")
[quote=“sureshot!,post:34,topic:33546"”] I don’t necessarily agree with this. I’m interested in hearing you elaborate on it. [/quote] Short definition is: you have to much potential liability. There is no reason to have 5 cards worth 50k unsec. loc when you make $30k / year. As far as LOC accounts are concerned, it is about how much debt you are exposed to - _not just_ how much you currently have in use. Again, it is relative to income level. If your AGI is 250k, then its not a large concern to have 5 / 50k because if they were maxed out you should still be able to handle the minimum payments without throwing your DTI to shit. BTW, these are not exact figures. [quote=“jeeves744,post:36,topic:33546"”] Don’t know if its true, but i have been told it could look bad if you have a bunch of CCs because even if they aren’t maxed out they can still be looked at as debt since you can max them out whenever. [/quote] it is true, and you’ve heard correctly. --- _[View the full topic](https://forums.speedlife.net/t/car-loan-insurance-question/33546)._