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@w003ptr wrote:Ah thanks for the info. I'm a student with no income, unless student loans count.
Ok, I'll bite...without any income what did you use on your apps?
That was my question too, but Lexie beat me to it
@09Lexie wrote:
@w003ptr wrote:Ah thanks for the info. I'm a student with no income, unless student loans count.
Ok, I'll bite...without any income what did you use on your apps?
Scholarships
I don't think that is allowed as income. I'd lay low with what you have until you finish school and get a job.
@Beane wrote:I don't think that is allowed as income. I'd lay low with what you have until you finish school and get a job.
It's taxable, so why wouldn't it be counted? Even so, credit card apps do not ask for "taxable income" so I don't see why counting any form of incoming monies could not be counted.
@w003ptr wrote:
@Beane wrote:I don't think that is allowed as income. I'd lay low with what you have until you finish school and get a job.
It's taxable, so why wouldn't it be counted? Even so, credit card apps do not ask for "taxable income" so I don't see why counting any form of incoming monies could not be counted.
It would depend on each lenders requirement for income. Generally, if it's reported on your tax return and it exceeds the amount allocated for books/tuition etc
This topic has been discussed here:
http://ficoforums.myfico.com/t5/Credit-Cards/can-scholarships-count-as-income/td-p/2167027