Does student loans effect approval and/or starting limits on credit card applications?

[Sexyblue]

Does student loans effect approval and/or starting limits on credit card applications? And should I should app before they update when the balance with interest starts to report?

I have 40K subsidized loans that are deferred while currently in school none of the balances are reporting over the limits.

No other derogs on reports – waiting for only collection to fall off two remaining reports this month. Been in the garden since 2014. Income 85k – waiting for scores to update to post them. 

Interested in getting these cards in about 6 months

Csp

Freedom Unlimited  

CITI Prestige

Amex PRG

SPG

Ritz

NFCU

PENFED

[Aduke1122]

Yes they could affect your approvals if there are any lates or derogs associated with them with , the other way I believe they effect approvals amd SLs is DTI ratio .

[Aduke1122]

But **** I believe if you are deffered they don't count it against your DTI ratio . I'm not totally sure maybe someone else can chime in.

[Sexyblue]

Thanks for the reponse. Dont have any other derogs other than the one mention that comming off. loans have no lates ever. Payment on the loans comes to $350.00 a month total once out of school. 

[Aduke1122]

OK well I would assume that depending on your income , you will be just fine. What are your scores like ? Is the SL the only credit you have ?

[Aduke1122]

I would start with the Credit Unions and Chase first aa Chase has the 5/24 rule also .

[Sexyblue]

I just checked payment is going to be 221.00 after school. Those are all the credit lines is all I have. I am waiting for the last two to drop the collection so I can get the updated scores. I did get a FAKE credit score from Equifax of 662. But I have redueced some balances however, they have yet to update. 

[Sexyblue]

I was thinking about getting increase on my current cards first. if they are soft pulls only. lol 

[Aduke1122]

Most definitely get CLI on the ones you have first if you are due for them, it will help in deciding what your new SL with others will be .

[12njoy]

I think it depends on the lender on whether they count deferred student loans into your DTI.  I know firsthand that PNC Bank counts them   I have 135k in student loan debt and have had no problems with any of the lenders in my sig block.  I'm in a special plan which shows the full amount of the loans on my credit report but only shows a reported payment of $350 per month as opposed to the regular payment of $1,400.