topic Re: Question - How do you list assets on credit app? in Credit Card Applications

I feel dumb for asking this question but I got a pre-qual approved offer for Discover it on their site.

I am struggling with how to list my assets. I have never had that question before on a credit app. We literally live paycheck to paycheck (large family - have 6 kids so money goes out as fast as it comes in).

We do have savings and checking accounts but no investment accounts other than 401K. Not sure what to list as assets. Should it just be what we bring in monthly? I feel stupid for asking but am a little intimidated when it comes to applying for new cards. I am rebuilding from a foreclosure on our home 8 years ago and feel like its all new again going through this process.

Unfortunately our savings was depleted these last few months from having to purchase a another car after an accident that totaled our new car we just got 3 months prior :{ and then having to spend $3k to make repairs on my car.

Will not listing assets or enough assets affect my approval odds?

would love some guidance on this.....