Gross Annual Income or Adjusted Gross Annual Income?

[Anonymous]

Hello,

 Just want to ask what to income to report when applying for CCs or any loans? When I applied for CCs I inputted my Adjusted Gross Income which is lower than my Gross Annual Income. Am I correct inputting the Adjusted Gross Income on my applications? If it's the Gross Annual income, Should I notify my CCC that my Gross Annual Income shoud be on their file instead of the Adjusted Gross Income?

Thank you

[crrredit]

I always report the gross annual income. There's usually a place on their website where you can update your income. 

[Anonymous]

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@crrredit wrote:

I always report the gross annual income. There's usually a place on their website where you can update your income. 

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Thank you. Will that stir up anything or spook the CCC that I am changing my Gross Annual Income? Or will there a positive result when I change it? When I change it it will be about $11K more though.

[Anonymous]

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@Anonymous wrote:

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@crrredit wrote:

I always report the gross annual income. There's usually a place on their website where you can update your income. 

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Thank you. Will that stir up anything or spook the CCC that I am changing my Gross Annual Income? Or will there a positive result when I change it? When I change it it will be about $11K more though.

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That increase is small enough that it won't spook them. My income bounces up and down by more than that each year.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@crrredit wrote:

I always report the gross annual income. There's usually a place on their website where you can update your income. 

---

Thank you. Will that stir up anything or spook the CCC that I am changing my Gross Annual Income? Or will there a positive result when I change it? When I change it it will be about $11K more though.

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That increase is small enough that it won't spook them. My income bounces up and down by more than that each year.

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Thank you CAPTOOL . Should I notify all my CCCs to adjust my Gross Annual Income?

[SLO805]

I put my base salary. If they ask for pay stubs my commissions put me way beyond what I stated. 

[Mattopotamus]

Gross Annual Income.  I honestly think that is what everyone looks at: mortgage, auto, CCs, etc.

[Anonymous]

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@SLO805 wrote:

I put my base salary. If they ask for pay stubs my commissions put me way beyond what I stated. 

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Thank you.

[Anonymous]

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@Mattopotamus wrote:

Gross Annual Income.  I honestly think that is what everyone looks at: mortgage, auto, CCs, etc.

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Thank you.

[bldmt]

Absolutely Gross Income. Also, folks here helped me with this: on monthly mortgage, use the base mortgage amount only without  taxes and homeowners insurance.