New Credit Card suggestions?

[Themanwhocan]

So basically, you have no income. Yet you told various credit card companies that you have a extremely high income, and they gave you 4 credit cards in your name with a total credit limit of $344,200.00 according to your signature. Or are you just an authorized user of your parent's cards?

Assuming you are not an AU, and obtained a card with high limit based on someone else's income, then yes that is called Fraud.

http://www.creditcards.com/credit-card-news/legal-consequences-of-lying-on-credit-card-application-f...

That low Discover card limit? that's what college students hope to get. If they are lucky.

[lobsterfordinner]

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@Themanwhocan wrote:

So basically, you have no income. Yet you told various credit card companies that you have a extremely high income, and they gave you 4 credit cards in your name with a total credit limit of $344,200.00 according to your signature. Or are you just an authorized user of your parent's cards?

Assuming you are not an AU, and obtained a card with high limit based on someone else's income, then yes that is called Fraud.

http://www.creditcards.com/credit-card-news/legal-consequences-of-lying-on-credit-card-application-f...

That low Discover card limit? that's what college students hope to get. If they are lucky.

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When I called in and app for other companies they told me I can include all family capital gain income.

[Themanwhocan]

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@lobsterfordinner wrote:

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@Themanwhocan wrote:

So basically, you have no income. Yet you told various credit card companies that you have a extremely high income, and they gave you 4 credit cards in your name with a total credit limit of $344,200.00 according to your signature. Or are you just an authorized user of your parent's cards?

Assuming you are not an AU, and obtained a card with high limit based on someone else's income, then yes that is called Fraud.

http://www.creditcards.com/credit-card-news/legal-consequences-of-lying-on-credit-card-application-f...

That low Discover card limit? that's what college students hope to get. If they are lucky.

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When I called in and app for other companies they told me I can include all family capital gain income.

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I believe they meant you can include your wife or husbands income. 

[lobsterfordinner]

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@Themanwhocan wrote:

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@lobsterfordinner wrote:

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@Themanwhocan wrote:

So basically, you have no income. Yet you told various credit card companies that you have a extremely high income, and they gave you 4 credit cards in your name with a total credit limit of $344,200.00 according to your signature. Or are you just an authorized user of your parent's cards?

Assuming you are not an AU, and obtained a card with high limit based on someone else's income, then yes that is called Fraud.

http://www.creditcards.com/credit-card-news/legal-consequences-of-lying-on-credit-card-application-f...

That low Discover card limit? that's what college students hope to get. If they are lucky.

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When I called in and app for other companies they told me I can include all family capital gain income.

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I believe they meant you can include your wife or husbands income. 

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No, I told them my parents.

Oh, my bad ... they cosigned all my credit applications too, they just called the EO since they have accounts with those banks already.

[joedtx]

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@lobsterfordinner wrote:

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@Themanwhocan wrote:

So basically, you have no income. Yet you told various credit card companies that you have a extremely high income, and they gave you 4 credit cards in your name with a total credit limit of $344,200.00 according to your signature. Or are you just an authorized user of your parent's cards?

Assuming you are not an AU, and obtained a card with high limit based on someone else's income, then yes that is called Fraud.

http://www.creditcards.com/credit-card-news/legal-consequences-of-lying-on-credit-card-application-f...

That low Discover card limit? that's what college students hope to get. If they are lucky.

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When I called in and app for other companies they told me I can include all family capital gain income.

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I would suggest you NOT continue to state income that is not earned, when you are involving the IRS as well in the reporting it could trigger an audit just saying. Take care of your future, all the best.

Credit CARD Act of 2009

Consumers who are younger than 21 who are not authorized users on their parents credit card accounts must show proof of income to repay card loans or have an adult co-signer if they want accounts in their own names.