@Revelate wrote:
@leegreen wrote:
@Revelate wrote:
Then there's other things like consumers that push for CLI's vs. those that don't: I pushed on my Amex BCP and didn't on anything else though I know if I wanted a CLI on my Freedom I could likely easily qualify for one at the expense of a HP, but I just don't need more than 1K on that tradeline so I don't worry about it. I only needed the one high tradeline to break me out of the smaller limit category, and given the Amex almost assuredly got my Fidelity limit where I really can use the 7.5K CL and similarly the Barclays 4400 approval (when I massively understated my traditional income on both no less), the old school forum advice worked quite well in my case.
Revelate,
Can I ask why you understate your income? I am trying to figure it out in my head and I cannot come up with a good reason to state less than my provable income.
In between real gigs at the moment working a startup and a side gig rather than mainline employment; while I could've proved my old wages easily enough, and will likely be back at it in another few months, I simply tossed a number less than 3x the poverty line figuring I'd make that as a soccer referee if I officiated enough if everything else fell through.
Then wound up with an unlimited hour contract at a short-term contract rate and /shrug, wasn't as destitute as I figured, but apparently neither Barclays nor FIA cared.
That makes sence, its rooted in a lack of confidance in your income not anything else. I understand thanks.
06/26/2014 - Gardening until 7/1/15
Individuals with one account 6 months old can have a wonderful credit score while still finding it difficult to obtain credit.
otherfactors include highest current credit limit. This is one that takes time therefore can get someone stuck in toy limit hell until CLIs become available and move you into higher brackets
That's where I was confused because my highest prior limit to the (2) $3K cap 1 cards was $750.
Personal:
@jamesdwi wrote:What I didn't see, mentioned was income, I may of missed it, just scrolled through the thread quickly. But an income of 60k+ a year plus credit usage and payments that are usually associated with the income level can make a large difference in your CL's, Not all CR's show payment history but there is a reason why some prime lenders like pulling EX, it shows a record of total payments made to each card each month. Even if you don't let a balance post on the card the payment history is still there, which most likely is taken into account when your CL is set, and future CLI's.
Wait, so if any creditor pulls an EX, it will tell the total "amount" you paid on that cc even if you PIF and didn't let a balance report? So like if I run 20k on one of my cards that has a limit of 10k, but it's PIF, it will still show a payment history for that month of 20k?
@audia4 wrote:
@jamesdwi wrote:What I didn't see, mentioned was income, I may of missed it, just scrolled through the thread quickly. But an income of 60k+ a year plus credit usage and payments that are usually associated with the income level can make a large difference in your CL's, Not all CR's show payment history but there is a reason why some prime lenders like pulling EX, it shows a record of total payments made to each card each month. Even if you don't let a balance post on the card the payment history is still there, which most likely is taken into account when your CL is set, and future CLI's.
Wait, so if any creditor pulls an EX, it will tell the total "amount" you paid on that cc even if you PIF and didn't let a balance report? So like if I run 20k on one of my cards that has a limit of 10k, but it's PIF, it will still show a payment history for that month of 20k?
If the lender reports payments to the bureaus (not all do, in my case Amex is a notable exception) that is correct.
