Re: Do YOU exaggerate your income when applying?
09-30-2012 07:02 PM
I don't think lenders base credit limits off of your income anyway.... at least it is not a primary concern. They just don't want to see something like 10k annually or some number that would make paying your bills and staying alive at the same time impossible.
Whats wrong with 10k? I work for a nonprofit right now and make $6,500 as of the end of this year and i have 5 credit cards that u see in my sig. Oh and lieing on a credit application is a federal crime.
Do you have a source/link to the applicable law please?