Why have I been given so much credit?

[degs138]

How could you show income of 200k at age 18? Did your parents give you statements for your allowance?

[Anonymous]

No I coud not show income that was the very first thing I said in my post. I did not have any income for the first year I was able to apply for credit. 

[CH-7-Mission-Accomplished]

This post rubs me the wrong way.  It feels like kind of a pointless post designed to impress people.  I'm happy for you but I don't see how it helps anyone else on the boards.  And the question is silly.

200K is more than a "decent" income.

[steelers1]

A little off topic maybe

How do I get my 24 and 19 year old out of the house and get them each to earn 3 X what I make in a year?

Just wondering...... Any advice would be appreciated.

Edit: One completed college and the other one is in his 2nd. year. I must of screwed up some where.

[Anonymous]

When people post here with limits in the high 100k's, they have income well into the millions. It is decent when compared with the credit I have been given. If I made $30k/year I would not have CC's with high limits. Period. Decent in terms of my limit, but just for the record, its top 5%. 

[Bankrupt2019]

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@CH-7-Mission-Accomplished wrote:

This post rubs me the wrong way.  It feels like kind of a pointless post designed to impress people.  I'm happy for you but I don't see how it helps anyone else on the boards.  And the question is silly.

200K is more than a "decent" income.

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I feel Like he's providing a rather interesting look into Fico. While he has quite impressive income for his age and (by his own admission) is stating he doesn't have the age of file to prove he can handle that type of responsibility. It is a very well written post and it's actually poses a very good question.

[degs138]

Technically I got 200k in credit with zero income at 18. Medical school is expensive.

[bada_bing]

I'd guess the explanation is one of two things or a combination:

The situation of starting out at 19y.o. with a $200K tax return is so unusual, the credit card app

algorithms don't have that fully progammed to factor into the decisions.

or

The OP has something working for him outside of his credit report. There are several explanations

for that kind of income, but outside of pro athlete or rap star, almost all the rest involve family business

connections. I'd guess that most likely the major factor is family business connections. I'd guess that

AU status on a couple +$100K 2 decade cards isn't the only favorable factor from family history. 

It is interesting the issuers aren't a little slower with major CLI for a 19y.o., even considering the reported 

income. 

[degs138]

If you want to get a start in high value real estate at a young age you need family connections. Ask Donald trump.

[Anonymous]

$12.5K is a "measly" limit?