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I have a question for everyone. I am waiting for a baddie to drop off and then I am going to start applying for a few cards. I was wondering about proof of income. I've read a few posts about paycheck stubs, but I am self employed. Do most credit card companies require you to submit proof of income? For me, that means having to submit bank statements and I'd prefer not to do that. Did any of you have to provide proof of income? Particulary those who may be self employed? Thanks so much.
@DrDG wrote:I have a question for everyone. I am waiting for a baddie to drop off and then I am going to start applying for a few cards. I was wondering about proof of income. I've read a few posts about paycheck stubs, but I am self employed. Do most credit card companies require you to submit proof of income? For me, that means having to submit bank statements and I'd prefer not to do that. Did any of you have to provide proof of income? Particulary those who may be self employed? Thanks so much.
Depends on the company.
In my experince most bigger banks dont ask for proof of income. A lot of the smaller places like credit unions will ask for a proof of income. I think tax returns would also work depending on who asks. But my guess is as with a lot of self employed not everyhing is included in your taxes per say. You could also have you bank just print out the deposits you make and not the withdraws. Or atleast my credit union can.
I have not had to prove income to any CC companies. My auto loan and real estate loans require my last two years tax returns.
I'm thinking of Cards like Walmart CC, Barclaycard, Discover, and eventually, AMEX...
That's a good idea. Didn't think of that. Thank you. The cards I am considering applying for are maybe Walmart CC, Barclaycard, Discover, and AmEx
@DrDG wrote:That's a good idea. Didn't think of that. Thank you. The cards I am considering applying for are maybe Walmart CC, Barclaycard, Discover, and AmEx
Just don't do anything to spook them and you'll be fine.
What do you mean? Please explain.
@DrDG wrote:What do you mean? Please explain.
-Spending a lot more than your stated income would allow.
-Buying cash equivalents often
-Frequent cash advances
-Calling every month asking for a CLI
-Applying for too much credit too quickly
-Racking up too many Inquiries
-Sneezing. Etc.
Lol, thanks so much for the info!