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Valued Contributor
CreditScholar
Posts: 2,300
Registered: ‎01-22-2012
0

Re: Credit score of 700

You might get approved but your limits are going to be low.

 

20k income doesn't get you very far, especially in California. You really need to work on improving your income and letting some of those inqs fall off. Without a higher income, you'll soon hit a (very low) glass ceiling that you won't be able to move beyond. Scores will be secondary at that point since with virtually no income, lenders will have serious doubts about your ability to spend and repay.

FICOs: EX: 826, EQ: 817, TU: 810
Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL
Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank American Airlines Executive World Elite MasterCard - $22,500 CL
J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
Senior Contributor
BearsAndTurtlesRtheBest
Posts: 3,675
Registered: ‎10-02-2012
0

I shall go fo rit ad see

Hmmm well my wife isi gonna apply and see what happens I dont ant to apply for my scores are low and curently app free since june 2012. Thanks! 500 will be good for now.

Frequent Contributor
Mike360
Posts: 433
Registered: ‎03-19-2010
0

Re: Credit score of 700

[ Edited ]

your income is not the problem...i got the cards i got now on $22K/year. Had no issues at all. You should be okay IF you get those INQ's gone. Pretty sure with that many on EQ you'll get denied.

~~In my wallet: Best Buy $7500, Dell Preferred $5500, Discover IT $4000, Chase Freedom $3500, Barclays NFL Extra Points $3300, Sears $2800, Bill Me Later $2100, CapOne Platinum $2000, Kohls $1500, Target $200
Senior Contributor
BearsAndTurtlesRtheBest
Posts: 3,675
Registered: ‎10-02-2012
0

Re: Credit score of 700

Sorry for the late response and thanks for the info now i know that the my income wouldnt the be a problem but the inquiries will :smileyhappy:. Thanks! @Mike360


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