10-02-2009 08:51 PM
I requested a CLI for my NFCU CC. It was denied due to insufficient income to request the increase in the credit card. I actually don't question their denial-- my credit is fine, but my DTI is not so great. I actually just wanted the increase so that I could transfer a balance- otherwise I had no business requesting the increase.
BUT- my question is about the questions they asked when I made the request-
It asked for the Primary Cardholders income- so I just used my income and not DH's.
Then, was the question about Monthy Housing Payment- I gave our total mortgage, and I'm wondering if I should have done that. Should I have included insurance and etc, which is included in our mortgage and should I have divided in half, since DH also provides income for rent?
10-03-2009 12:07 AM
If just my income is in question and they ask about monthly housing costs, I don't tell them the full amount, I tell them the amount I am actually paying, currently it's about 50% of the total bill, and I don't include insurance or anything like that.
That may not have affected their decision but you never know, but I've done the same thing in the past, live and learn
10-03-2009 07:35 AM