topic Re: The $3k income myth... in Credit Cards

The $3k income myth...

smc733 — Wed, 06 Oct 2010 20:41:17 GMT

So since the other thread was locked, I feel the need to clear the air here.

I was only being angry because the poster had addressed me rudely as if I were the original poster, when in fact, I was not. The demeaning tone toward me about things I never said or posted was frankly, insulting. If you would like me to prove I'm an SE major, I'll gladly write you some C, Java, x86asm, or any code of your choice.

Anyway, I was approved for my first credit card (post CARD act) with a $3k income listed. It was a Banana Republic credit card. And after 4 statements, with that income, they bumped the CL to $1,000. It is possible, because lets remember folks, you can carry a balance, and you can only go up to that CL, so

Total can be charged = CL - current balance.

My later two cards were instantly approved when my income was bumped to $11,800 with a new job and more hours.

We should all be able to take a deep breath and discuss this peacefully. I have a FACT on my side here, that I DID apply with $3k, and get approved, and there's no reason a college student with a $3k income can't get a small $300 limit.

There is also the issue of needing a cosigner. The offensive poster (upto700) or something, claimed that a cosigner was REQUIRED. Go back in the thread and read it for yourselves. THAT statement is false. Now he was trying to wheel it back in saying $3k isn't sufficient income, but it still changes the fact he was being rude to both myself and the OP about requiring a cosigner, when that is a false fact, as they are not always required.

The gripe in the thread was about being attacked as though I was the OP, and he still spoke like I was, never bothering to realize IM A DIFFERENT POSTER.

Re: The $3k income myth...

Pushto700 — Wed, 06 Oct 2010 20:45:56 GMT

@smc733 wrote:
So since the other thread was locked, I feel the need to clear the air here.

I was only being angry because the poster had addressed me rudely as if I were the original poster, when in fact, I was not. The demeaning tone toward me about things I never said or posted was frankly, insulting. If you would like me to prove I'm an SE major, I'll gladly write you some C, Java, x86asm, or any code of your choice.

Anyway, I was approved for my first credit card (post CARD act) with a $3k income listed. It was a Banana Republic credit card. And after 4 statements, with that income, they bumped the CL to $1,000. It is possible, because lets remember folks, you can carry a balance, and you can only go up to that CL, so

Total can be charged = CL - current balance.

My later two cards were instantly approved when my income was bumped to $11,800 with a new job and more hours.

We should all be able to take a deep breath and discuss this peacefully. I have a FACT on my side here, that I DID apply with $3k, and get approved, and there's no reason a college student with a $3k income can't get a small $300 limit.

There is also the issue of needing a cosigner. The offensive poster (upto700) or something, claimed that a cosigner was REQUIRED. Go back in the thread and read it for yourselves. THAT statement is false. Now he was trying to wheel it back in saying $3k isn't sufficient income, but it still changes the fact he was being rude to both myself and the OP about requiring a cosigner, when that is a false fact, as they are not always required.

The gripe in the thread was about being attacked as though I was the OP, and he still spoke like I was, never bothering to realize IM A DIFFERENT POSTER.

It would be wise to let it go & die, it is not that important....the thread was locked and deleted for a reason.

Re: The $3k income myth...

Creditaddict — Wed, 06 Oct 2010 20:48:08 GMT

YAWN!

Re: The $3k income myth...

Anonymous — Wed, 06 Oct 2010 20:48:51 GMT

Lighten-up guys. Arguing over internet forums is useless just like our president once said

Re: The $3k income myth...

Pushto700 — Wed, 06 Oct 2010 20:50:38 GMT

@Anonymous wrote:
Lighten-up guys. Arguing over internet forums is useless just like our president once said

LOL, I am fine.....I stated my case and it is a waste going back and forth.

Re: The $3k income myth...

Anonymous — Wed, 06 Oct 2010 20:58:26 GMT

i dont like fight, i just need 48k credit card limit

Re: The $3k income myth...

smc733 — Wed, 06 Oct 2010 20:59:05 GMT

@Pushto700 wrote:
@Anonymous wrote:
Lighten-up guys. Arguing over internet forums is useless just like our president once said
LOL, I am fine.....I stated my case and it is a waste going back and forth.

You stated your case, and you stated it wrong. I have facts that I'm going on, yet you haven't provided them.

I'm not interested in making this personal, though you still have yet to acknowledge I am not the OP of the other thread.

Anyway, the point I am making is this. There was a better way to go about talking to the OP.

Instead of talking down to him being a college student seeking credit, you could have said "it is probably going to be difficult to get credit, as college students have low income and are a risk, you should slow down with the apps".

That's all, but Pushto700 you have a very bad manner of communicating points.

Re: The $3k income myth...

Creditaddict — Wed, 06 Oct 2010 21:00:15 GMT

@smc733 wrote:

@Pushto700 wrote:
@Anonymous wrote:
Lighten-up guys. Arguing over internet forums is useless just like our president once said
LOL, I am fine.....I stated my case and it is a waste going back and forth.

You stated your case, and you stated it wrong. I have facts that I'm going on, yet you haven't provided them.

I'm not interested in making this personal, though you still have yet to acknowledge I am not the OP of the other thread.

Anyway, the point I am making is this. There was a better way to go about talking to the OP.

Instead of talking down to him being a college student seeking credit, you could have said "it is probably going to be difficult to get credit, as college students have low income and are a risk, you should slow down with the apps".

That's all, but Pushto700 you have a very bad manner of communicating points.

Just keep beating it like the dead horse that it is. who wants the satisfaction of having the last word!

Re: The $3k income myth...

smc733 — Wed, 06 Oct 2010 21:02:23 GMT

I just think it is important that we don't have incorrect facts being told to people.

Re: The $3k income myth...

Pushto700 — Wed, 06 Oct 2010 21:03:01 GMT

@Anonymous wrote:
i dont like fight, i just need 48k credit card limit

Re: The $3k income myth...

MarineVietVet — Thu, 07 Oct 2010 02:56:59 GMT

Everyone has had sufficient time to make their points. It's time to move on.

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work

re: The $3k income myth...

Anonymous — Thu, 07 Oct 2010 03:08:19 GMT

@Pushto700 wrote:
@Anonymous wrote:
Lighten-up guys. Arguing over internet forums is useless just like our president once said
LOL, I am fine.....I stated my case and it is a waste going back and forth.

Then put a cork in it already, will you?

Re: The $3k income myth...

Anonymous — Thu, 07 Oct 2010 03:10:44 GMT

@smc733 wrote:
I just think it is important that we don't have incorrect facts being told to people.

Believe me, we've gotten the point the first time you presented the facts. Let it go.

Re: The $3k income myth...

Anonymous — Thu, 07 Oct 2010 03:15:05 GMT

sms733 I just think it is important that we don't have incorrect facts being told to people

+ 1

Re: re: The $3k income myth...

Pushto700 — Thu, 07 Oct 2010 17:34:00 GMT

@Anonymous wrote:
@Pushto700 wrote:
@Anonymous wrote:
Lighten-up guys. Arguing over internet forums is useless just like our president once said
LOL, I am fine.....I stated my case and it is a waste going back and forth.
Then put a cork in it already, will you?

Pardon me? Please look at the time of my post and the subsequest responses in an attempt to Bait. HOURS went by. How about a mod close this thread permanently because people cannot seem to look at the time, think about the thread and non responses and let the thread go? It was done yesterday. Leave it alone and stop resurrecting it.

Re: The $3k income myth...

llecs — Thu, 07 Oct 2010 18:32:15 GMT

Thread locked and under Moderator review.