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Ok say I make $50,000 a year my wife makes $30,000 a year, combine those together and that’s $80,000 a year, but she is not an AU on my card. Would they go by my income alone?
My Scores EQ=649 TU=622 EX=?
Also,
What would the Credit limit be at 50k a year for scores in the (see below?)
550-625 Range = ?
625-680 Range = ?
680-750 Range = ?
I’m sure this is no easy question and there will be different replies but, hey ill start it off. Keep in mind i had no CCs before 9/2007.
Marbles (HSBC) $300 CL
HSBC Sears $1900 CL
Chase Plat $500 CL
Hooters $500 CL
Zale’s (backed by citi) $1000 CL ( lol and Citi denied me twice for their card)
HSBC direct Discover $700 CL
Wal-mart $300 CL
Thanks for the input all!
*EDIT to show scores*
I think my low CLs are do to my lack of CC history. I have been at my job for 9 years and I have a mortgage and car payment. Both of which my payment history is flawless. I just got my house a year ago so they could be Leary of that. But I was smart and got a fixed % rate, I also got that house without any CC’s reporting on my CR.
Who really know how they determine CLs. They need a standard to go by, not just a shot in the dark. If my Fico is 650, should my CL be the same as some one else with a 650 score? This is not the case, If ones score is 750 that does not mean you have good credit. It just means you have a high score. You could have a 700 score and have one baddie that makes you no different than some one with a 600 score.
Thanks for the Input ya’ll. My flaw as a person is my patience. Lol, I go to fast to soon. Good for my work, bad everywhere else. I work as a manufacturing engineer so I want all those projects finished.
They have quite a lot to do with how much money one tells them one makes, and telling them one makes more than one does could make one liable to fraid charges
1111mel wrote:When I first started applying for credit cards when I lived at home I would use the total Combined Household Income on my applications......This being well over $150K per year. I on the other hand worked 20 hours a week for $8 an hour.They only know how much money you make by what you put on the application. They look at your overall credit scores/reports to decide how much they want to basically lend you.Credit Card limits have nothing to do with how much money you make.
@Anonymous wrote:When I first started applying for credit cards when I lived at home I would use the total Combined Household Income on my applications......This being well over $150K per year. I on the other hand worked 20 hours a week for $8 an hour.They only know how much money you make by what you put on the application. They look at your overall credit scores/reports to decide how much they want to basically lend you.Credit Card limits have nothing to do with how much money you make.
* * * Quoted for Preservation * * *
@FretlessMayhem wrote:
@Anonymous wrote:When I first started applying for credit cards when I lived at home I would use the total Combined Household Income on my applications......This being well over $150K per year. I on the other hand worked 20 hours a week for $8 an hour.They only know how much money you make by what you put on the application. They look at your overall credit scores/reports to decide how much they want to basically lend you.Credit Card limits have nothing to do with how much money you make.
Until you get the FR!