income amount vs credit cards limits or CLI?

[wilson382]

Hello, Everytime i ask for a cli they ask me for my income info and i say 35k but I dont got documents to prove that if asked because im self employed.

do you think there range between income and how high limit a person can have acording to his income. ?

[Walt_K]

Yes, income is considered in setting a limit, but like anything else, it is not the only factor.

Do you file taxes?  You can use your tax returns to prove your income.

[user5387]

If you have high scores, sometimes you can get good CLs with a low income.

An example is a $15K CL with a $25K income.

[Gatortrout]

LOL so you don't even file taxes? Wow.

Even if you are not filing taxes I suppose you could show them deposits of you have a bank account.

Why do you not have documemts/file taxes?

[wilson382]

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@Gatortrout wrote:
LOL so you don't even file taxes? Wow.

Even if you are not filing taxes I suppose you could show them deposits of you have a bank account.

Why do you not have documemts/file taxes?

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no, I dont file taxes at the moment, i will in the future of course

[too-much-time]

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@user5387 wrote:

If you have high scores, sometimes you can get good CLs with a low income.

An example is a $15K CL with a $25K income.

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I would love to hear more about it!

[wilson382]

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@too-much-time wrote:

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@user5387 wrote:

If you have high scores, sometimes you can get good CLs with a low income.

An example is a $15K CL with a $25K income.

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I would love to hear more about it!

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me too

[blackhawk2]

Some peoples' total CLs are higher than their annual income. Income is certainly a factor in your CLs, but it is not a cutoff.

[MidnightVoice]

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@blackhawk2 wrote:

Some peoples' total CLs are higher than their annual income.

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If you add in all the unused cards I have because I used them for interest free loans, then my CL is higher than my income

[ksantangelo23]

As it was said, income is not the only factor in having your credit limit set.

Best example I can give is my grandmother; she has a total credit limit of ~$65,000, with a $16.7K income.