Revolving balances too high?

[Jesse Soriano]

This is a new one too me

I just paid off over 40k in debt. Most of it was line of credit debt that I had.

All of my lines of credit where all used up at 100%.

I decided to pay everything down to 0% line of credit and then apply for a new loan to consolidate the rest of my debt that I have which is like 15k.

I applied for a loan after paying down all of my line of credits and got this response.

“Change in bankcard balances relative to the average bankcard balance over a 24 month period is too high.”

That’s a new one to me. Will I be expecting this response from private lenders and banks? I used a private lender to apply for the loan. Is this normal?

They basically said that even though I paid off my debt. They still take into consideration that I was maxed out in my lines of credit even though I was never once late.

I don’t want to keep trying anywhere else and keep doing a hard pull on my credit. Is this normal?