Any Idea How Much Credit Carb Debt Will Raise C&F Flags? Forum

[Anonymous User]

Does anyone know generally how much credit card debt will raise C&F flags? I have heard that using a maximum of 30% of your available credit is the best for your credit score, but how much consumer debt can one have before it raises C&F issues?

I'm currently using about 50% of my available credit, but using some of my expected tax return will bring me to 30%. If I get my tax return sometime in February and pay off my credit cards, will using 30% of my available be alright to pass C&F?

[Ty Webb]

Christ, this thread.

You're applying to practice law. You're not applying for a home loan.

[Kabuo]

lol'd at carb.

[BeautifulSW]

In general, the issue will be whether you are keeping current on all outstanding debt including student loans, taxes, and most important, child suppport.

If you are delinquent, you may end up negotiating some sort of agreement with the Bar to "pay as agreed" for (usually) six months. Some states grant conditional admission (I'm told) but others are less reasonable. If you undertook very large student loans at a time when you were having trouble servicing existing debt, that might raise a significant flag.

There is a surprising amount of research and information out there on C&F issues including some case law. State Supreme Courts often publish opinions that can be very helpful. As always, start with the state you intend to practice in.