Capital One CLI Income Question

[Anonymous]

When they ask for your annual income, are they asking for household income or personal income?

[kdm31091]

Its any income you can reasonably access to pay the debt. My advice is not to inflate it. Its fine to include household income, but in a situation where there are others in your household besides a significant other, id advise against including all of that income.

[Anonymous]

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@Anonymous wrote:

When they ask for your annual income, are they asking for household income or personal income?

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Generally if you have access to the income in the form of a spouse/partner with shared accounts you can include their income.

[Anonymous]

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@kdm31091 wrote:
Its any income you can reasonably access to pay the debt. My advice is not to inflate it. Its fine to include household income, but in a situation where there are others in your household besides a significant other, id advise against including all of that income.

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Well its just be and my girlfriend of 6 years who I own a home with. I was wondering if it was reasonable to combine our incomes. 

[kdm31091]

Its up to you how much you include. You can include all of it combined or just a portion of hers

[kdm31091]

If you dont have joint banking, etc, I wouldn't include all of hers.

[Anonymous]

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@Anonymous wrote:

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@kdm31091 wrote:
Its any income you can reasonably access to pay the debt. My advice is not to inflate it. Its fine to include household income, but in a situation where there are others in your household besides a significant other, id advise against including all of that income.

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Well its just be and my girlfriend of 6 years who I own a home with. I was wondering if it was reasonable to combine our incomes. 

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If you own a home together, you can combine incomes

[MTSN]

I include my fiancee's income since we own a home together and live together and will be married in less than 3 months.

[peaceonearth]

If the question simply says your income, the answer would be your personal income unless; they use the Word "Household" Just like Irish mentioned, any income of someone leaving with you that you have access to can be declared as a Household income if the question was "What is Your Household Income".

[Anonymous]

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@peaceonearth wrote:
If the question simply says your income, the answer would be your personal income unless; they use the Word "Household" Just like Irish mentioned, any income of someone leaving with you that you have access to can be declared as a Household income if the question was "What is Your Household Income".

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Good points.  You have to go to CapOne's FAQs to find out what you can include.  Here's what they say:

Personal Income: Income you earn, including full-time, part-time, or seasonal jobs, self-employment, interest or dividends, retirement, and public assistance.

Shared Income: Money from somebody else that is regularly deposited into your individual account or into a joint account that person shares with you.

Optional Income: Alimony, child support, or separate maintenance income doesn’t need to be included, unless you want it considered.