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Regular Contributor
Posts: 440
Registered: ‎02-08-2012
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When You Apply.. What Income Do You Use?

When you guys apply for a credit card.. Do you ever use your combined household income? Or just your personal income... Are you allowed to use your household income?

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Valued Contributor
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Registered: ‎08-13-2007
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Re: When You Apply.. What Income Do You Use?

Personal - that being said, if there is a box for "additional income", I will put my Wifes income there.

 

Unless you live in Wisconsin, I think this is the law now.

Ray

** Every Card has a Job, and Every Card does its Job **

Valued Contributor
Posts: 2,266
Registered: ‎07-23-2012
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Re: When You Apply.. What Income Do You Use?

i use personal yearly gross salary (based on 40xweek x hr ratex 52 weeks). 

 

if i included household income. i would be approved for some nice cards =) lol. jumps my income from 35k to about 120k. 

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Regular Contributor
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Re: When You Apply.. What Income Do You Use?


RockinRay wrote:

Personal - that being said, if there is a box for "additional income", I will put my Wifes income there.

 

Unless you live in Wisconsin, I think this is the law now.


The law is that you have to use your personal and not your household income? I guess technically your wifes income is "other" lol but I would tend to think that other means returns from stocks... alimony etc...

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Valued Contributor
Posts: 1,954
Registered: ‎08-13-2007
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Re: When You Apply.. What Income Do You Use?


Tommy5746 wrote:

RockinRay wrote:

Personal - that being said, if there is a box for "additional income", I will put my Wifes income there.

 

Unless you live in Wisconsin, I think this is the law now.


The law is that you have to use your personal and not your household income? I guess technically your wifes income is "other" lol but I would tend to think that other means returns from stocks... alimony etc...


Before the credit card act, I think you could in fact use household income. If I am right, this has now changed.

 

Look at it like this, use your personal and if they ever want proof, you have it...

Ray

** Every Card has a Job, and Every Card does its Job **

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Posts: 3,197
Registered: ‎01-24-2010
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Re: When You Apply.. What Income Do You Use?


Tommy5746 wrote:

RockinRay wrote:

Personal - that being said, if there is a box for "additional income", I will put my Wifes income there.

 

Unless you live in Wisconsin, I think this is the law now.


The law is that you have to use your personal and not your household income? I guess technically your wifes income is "other" lol but I would tend to think that other means returns from stocks... alimony etc...


What law?    

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Re: When You Apply.. What Income Do You Use?


Tommy5746 wrote:

When you guys apply for a credit card.. Do you ever use your combined household income? Or just your personal income... Are you allowed to use your household income?


I use my own personal income. Your not allowed to use HHI unless it specifically says you can. (WI residents are allowed to use HHI)

 




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Regular Contributor
Posts: 440
Registered: ‎02-08-2012
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Re: When You Apply.. What Income Do You Use?


LS2982 wrote:

Tommy5746 wrote:

When you guys apply for a credit card.. Do you ever use your combined household income? Or just your personal income... Are you allowed to use your household income?


I use my own personal income. Your not allowed to use HHI unless it specifically says you can. (WI residents are allowed to use HHI)

 



What if i apply while im visiting WI? lol jk...

Goal: 700 and an Amex Card!

Chicks Dig Guys With Good Credit :smileyhappy:
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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Re: When You Apply.. What Income Do You Use?


Tommy5746 wrote:

LS2982 wrote:

Tommy5746 wrote:

When you guys apply for a credit card.. Do you ever use your combined household income? Or just your personal income... Are you allowed to use your household income?


I use my own personal income. Your not allowed to use HHI unless it specifically says you can. (WI residents are allowed to use HHI)

 



What if i apply while im visiting WI? lol jk...


:smileyvery-happy:

 

hmmm.......

 

:smileysurprised:

 




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Re: When You Apply.. What Income Do You Use?

I use personal income (w2)
Child support
Rental income

Salary is 93k
Child support is 3.6k
Rental income is 24k

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