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When You Apply.. What Income Do You Use?

Regular Contributor

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?

Goal: 700 and an Amex Card!

Chicks Dig Guys With Good Credit Smiley Happy
Message 1 of 23
22 REPLIES
Valued Contributor

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 **
Message 2 of 23
Valued Contributor

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. 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


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Message 3 of 23
Regular Contributor

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...

Goal: 700 and an Amex Card!

Chicks Dig Guys With Good Credit Smiley Happy
Message 4 of 23
Valued Contributor

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 **
Message 5 of 23
Senior Contributor

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?    

Message 6 of 23
Mega Contributor

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)

 




EQ FICO 548 3/3/16
Message 7 of 23
Regular Contributor

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 Smiley Happy
Message 8 of 23
Mega Contributor

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...


Smiley Very Happy

 

hmmm.......

 

Smiley Surprised

 




EQ FICO 548 3/3/16
Message 9 of 23
Moderator Emeritus

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

Starting Score: 08/29/2011 TU 671 EQ 674
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Message 10 of 23