@Anonymous wrote:My fiance applied for a home depot card with me, HD does not do co-applicants but put me on as a co-card holder. When it came to the income part, she put both of our incomes down, even though they do not have my SSN, but we live together and we both pay the bills.
Is that what its meant for?
Depends. Did she put you down as an Authorized User? Did the application specifically ask for household income? Since the card act passed, the rules have changed. If you are just an AU, she has full responsibility for paying the card, if they did not specifically ask for household income, she should have only reported her own individual income.
Starting Score: 770
I havent seen 'household income' on many applications lately.
But only put your total HHI if the application specificaly asks for it.
@Anonymous wrote:well HD does not do co-signers. I am an authorized user. I asked the lady who ran the app and she said to put the annual household income. Although the website just asks for annual income.
The only time this will become an issue is if you're ever asked to provdie income proof W-2's, 1099's etc
@Anonymous wrote:well HD does not do co-signers. I am an authorized user. I asked the lady who ran the app and she said to put the annual household income. Although the website just asks for annual income.
Sounds like you were given bad advice. As an authorized user your income can not be considered to qualify for approval. The CARD act I believe prevents credit card companies from being able to consider HHI as it once did.
Just know that they reserve the right to review and close your account or ask for income verification at any time. It probably wont be an issue otherwise.
Do you think you may be making this a bigger deal than it needs to be? If she already has the card does it matter or did you want the card cancelled?. Is this something that can just be corrected on future applications?