Will updating your salary get you a better CLI with Capital One?

[Derrick1977]

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@bodyboy1 wrote:
Yes!, Congratulations!

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Thanks 

[Derrick1977]

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@akula wrote:
I doubt it has any impact. If you were the lender, would you belive what was inputted? I certainly would not raise an individuals CL without verification. We all know a lot of people have a problem with embellishment.

They are more likely to look at your other limits and your history with all lenders.

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I called in and spoke with a manager and asked her what are the benefits of updating my salary constantly and she said that it helps them determine the credit limit increase they give you.  She also said that they verified my salary recently and ask did I want to adjust so I did.  

[Anonymous]

15000 is a significant increase I would change all of them. If you are store card user I notice just popping them up 500 bucks and just updating your contact info gives out computer auto increases quite often.

Going back to big salary increase you should use a large bank or credit union in your favor to apply for a line of credit which makes your portfolio much stronger then just credit cards jumping up

[Anonymous]

Another question. Sorry to hi jack. Do you guys/ gals report income before or after taxes?

[Shogun]

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@Anonymous wrote:

Another question. Sorry to hi jack. Do you guys/ gals report income before or after taxes?

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Gross income, so before taxes