Reply
Valued Contributor
smc733
Posts: 1,262
Registered: ‎05-13-2010
0

The $3k income myth...

So since the other thread was locked, I feel the need to clear the air here.

 

I was only being angry because the poster had addressed me rudely as if I were the original poster, when in fact, I was not.  The demeaning tone toward me about things I never said or posted was frankly, insulting.  If you would like me to prove I'm an SE major, I'll gladly write you some C, Java, x86asm, or any code of your choice.

 

Anyway, I was approved for my first credit card (post CARD act) with a $3k income listed.  It was a Banana Republic credit card.  And after 4 statements, with that income, they bumped the CL to $1,000.  It is possible, because lets remember folks,  you can carry a balance, and you can only go up to that CL, so 

 

Total can be charged = CL - current balance.  

 

My later two cards were instantly approved when my income was bumped to $11,800 with a new job and more hours.  

 

We should all be able to take a deep breath and discuss this peacefully.  I have a FACT on my side here, that I DID apply with $3k, and get approved, and there's no reason a college student with a $3k income can't get a small $300 limit.  

 

There is also the issue of needing a cosigner.  The offensive poster (upto700) or something, claimed that a cosigner was REQUIRED.  Go back in the thread and read it for yourselves.  THAT statement is false.  Now he was trying to wheel it back in saying $3k isn't sufficient income, but it still changes the fact he was being rude to both myself and the OP about requiring a cosigner, when that is a false fact, as they are not always required.

 

The gripe in the thread was about being attacked as though I was the OP, and he still spoke like I was, never bothering to realize IM A DIFFERENT POSTER.

Frequent Contributor
Pushto700
Posts: 267
Registered: ‎07-28-2009
0

Re: The $3k income myth...

 


smc733 wrote:

So since the other thread was locked, I feel the need to clear the air here.

 

I was only being angry because the poster had addressed me rudely as if I were the original poster, when in fact, I was not.  The demeaning tone toward me about things I never said or posted was frankly, insulting.  If you would like me to prove I'm an SE major, I'll gladly write you some C, Java, x86asm, or any code of your choice.

 

Anyway, I was approved for my first credit card (post CARD act) with a $3k income listed.  It was a Banana Republic credit card.  And after 4 statements, with that income, they bumped the CL to $1,000.  It is possible, because lets remember folks,  you can carry a balance, and you can only go up to that CL, so 

 

Total can be charged = CL - current balance.  

 

My later two cards were instantly approved when my income was bumped to $11,800 with a new job and more hours.  

 

We should all be able to take a deep breath and discuss this peacefully.  I have a FACT on my side here, that I DID apply with $3k, and get approved, and there's no reason a college student with a $3k income can't get a small $300 limit.  

 

There is also the issue of needing a cosigner.  The offensive poster (upto700) or something, claimed that a cosigner was REQUIRED.  Go back in the thread and read it for yourselves.  THAT statement is false.  Now he was trying to wheel it back in saying $3k isn't sufficient income, but it still changes the fact he was being rude to both myself and the OP about requiring a cosigner, when that is a false fact, as they are not always required.

 

The gripe in the thread was about being attacked as though I was the OP, and he still spoke like I was, never bothering to realize IM A DIFFERENT POSTER.


It would be wise to let it go & die, it is not that important....the thread was locked and deleted for a reason.


Starting Score: TU: ?-- EQ: ?--EX 560 (8-08)
Current Score: TU: 671 (3-10) 625 (4-10/Rebucketed)--EQ: 674 (3-10)--EX 630 (Lender 11-09)
Goal Score: TU: 750--EQ: 760


Take the FICO Fitness Challenge
Epic Contributor
Creditaddict
Posts: 22,116
Registered: ‎10-23-2007
0

Re: The $3k income myth...

YAWN!

Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
66 Cards and Counting :smileytongue:
Established Contributor
ifinet
Posts: 536
Registered: ‎03-17-2010
0

Re: The $3k income myth...

Lighten-up guys. Arguing over internet forums is useless just like our president once said :smileyvery-happy:

Frequent Contributor
Pushto700
Posts: 267
Registered: ‎07-28-2009
0

Re: The $3k income myth...


ifinet wrote:

Lighten-up guys. Arguing over internet forums is useless just like our president once said :smileyvery-happy:


LOL, I am fine.....I stated my case and it is a waste going back and forth.


Starting Score: TU: ?-- EQ: ?--EX 560 (8-08)
Current Score: TU: 671 (3-10) 625 (4-10/Rebucketed)--EQ: 674 (3-10)--EX 630 (Lender 11-09)
Goal Score: TU: 750--EQ: 760


Take the FICO Fitness Challenge
New Contributor
bubblebutt
Posts: 100
Registered: ‎06-20-2010
0

Re: The $3k income myth...

i dont like fight, i just need 48k credit card limit

starting score 549
current score 702 TU , 708 EQ, EX ??
goal score 740

Valued Contributor
smc733
Posts: 1,262
Registered: ‎05-13-2010
0

Re: The $3k income myth...

 


Pushto700 wrote:

ifinet wrote:

Lighten-up guys. Arguing over internet forums is useless just like our president once said :smileyvery-happy:


LOL, I am fine.....I stated my case and it is a waste going back and forth.


 

You stated your case, and you stated it wrong.  I have facts that I'm going on, yet you haven't provided them.

 

I'm not interested in making this personal, though you still have yet to acknowledge I am not the OP of the other thread.

 

Anyway, the point I am making is this.  There was a better way to go about talking to the OP.

 

Instead of talking down to him being a college student seeking credit, you could have said "it is probably going to be difficult to get credit, as college students have low income and are a risk, you should slow down with the apps".

 

That's all, but Pushto700 you have a very bad manner of communicating points.

Epic Contributor
Creditaddict
Posts: 22,116
Registered: ‎10-23-2007
0

Re: The $3k income myth...

 


smc733 wrote:

 


Pushto700 wrote:

ifinet wrote:

Lighten-up guys. Arguing over internet forums is useless just like our president once said :smileyvery-happy:


LOL, I am fine.....I stated my case and it is a waste going back and forth.


 

You stated your case, and you stated it wrong.  I have facts that I'm going on, yet you haven't provided them.

 

I'm not interested in making this personal, though you still have yet to acknowledge I am not the OP of the other thread.

 

Anyway, the point I am making is this.  There was a better way to go about talking to the OP.

 

Instead of talking down to him being a college student seeking credit, you could have said "it is probably going to be difficult to get credit, as college students have low income and are a risk, you should slow down with the apps".

 

That's all, but Pushto700 you have a very bad manner of communicating points.


Just keep beating it like the dead horse that it is. who wants the satisfaction of having the last word!

 

Fico Scores: EQ- 626 Overstck., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
66 Cards and Counting :smileytongue:
Valued Contributor
smc733
Posts: 1,262
Registered: ‎05-13-2010
0

Re: The $3k income myth...

I just think it is important that we don't have incorrect facts being told to people.

Frequent Contributor
Pushto700
Posts: 267
Registered: ‎07-28-2009
0

Re: The $3k income myth...


bubblebutt wrote:

i dont like fight, i just need 48k credit card limit


:smileyvery-happy:


Starting Score: TU: ?-- EQ: ?--EX 560 (8-08)
Current Score: TU: 671 (3-10) 625 (4-10/Rebucketed)--EQ: 674 (3-10)--EX 630 (Lender 11-09)
Goal Score: TU: 750--EQ: 760


Take the FICO Fitness Challenge

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}