Comments on: Q&A: Can I Avoid Falsifying My Income on a Credit Application When I’m Temporarily Unemployed? http://www.moneyunder30.com/qa-can-i-avoid-falsifying-my-income-on-a-credit-application-when-i%e2%80%99m-temporarily-unemployed Personal Finance for the Young and Ambitious Fri, 19 Mar 2010 21:32:50 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Amber Jones http://www.moneyunder30.com/qa-can-i-avoid-falsifying-my-income-on-a-credit-application-when-i%e2%80%99m-temporarily-unemployed/comment-page-1#comment-1723 Amber Jones Wed, 01 Oct 2008 15:14:22 +0000 http://www.moneyunder30.com/qa-can-i-avoid-falsifying-my-income-on-a-credit-application-when-i%e2%80%99m-temporarily-unemployed#comment-1723 Hey David, Thanks for sharing this readers question. I often wondered if credit card companies really look at what we put there, or if it was just a way to save their butts in case there was ever an issue and they could come back and say, well, you put this $X amount of money there, you should be able to afford to pay this back. Hey David,

Thanks for sharing this readers question. I often wondered if credit card companies really look at what we put there, or if it was just a way to save their butts in case there was ever an issue and they could come back and say, well, you put this $X amount of money there, you should be able to afford to pay this back.

]]> By: Meg http://www.moneyunder30.com/qa-can-i-avoid-falsifying-my-income-on-a-credit-application-when-i%e2%80%99m-temporarily-unemployed/comment-page-1#comment-1722 Meg Wed, 17 Sep 2008 16:57:25 +0000 http://www.moneyunder30.com/qa-can-i-avoid-falsifying-my-income-on-a-credit-application-when-i%e2%80%99m-temporarily-unemployed#comment-1722 Oh, Brittany, it's so sweet that you are worried about potentially technically lying to the credit card companies. Don't worry, they don't care and don't even take into account what your income is. Why do you think they give out cards like candy to college students who readily admit they have $0 income? When I recently called to ask for a $10,000 credit limit increase on my card (the limit was $2500 before), they didnt' ask me about my income; I'd applied for the card in college when my income was $0, and they haven't asked about it since. All they did was check my credit history and approve me 30 seconds later. In fact there have been many instances where people fill out credit card applications for their pets - full on listing the name only as "Scruffy" and putting $0 income and listing things like chasing mice and scratching as "occupation" - and low and behold the card companies have sent out credit cards anyway. So don't worry Brittany. Put $0, make up a figure, whatever - your credit history or lack thereof will be the primary factor in determining what your credit limit will be. Oh, Brittany, it’s so sweet that you are worried about potentially technically lying to the credit card companies. Don’t worry, they don’t care and don’t even take into account what your income is. Why do you think they give out cards like candy to college students who readily admit they have $0 income?

When I recently called to ask for a $10,000 credit limit increase on my card (the limit was $2500 before), they didnt’ ask me about my income; I’d applied for the card in college when my income was $0, and they haven’t asked about it since. All they did was check my credit history and approve me 30 seconds later.

In fact there have been many instances where people fill out credit card applications for their pets – full on listing the name only as “Scruffy” and putting $0 income and listing things like chasing mice and scratching as “occupation” – and low and behold the card companies have sent out credit cards anyway.

So don’t worry Brittany. Put $0, make up a figure, whatever – your credit history or lack thereof will be the primary factor in determining what your credit limit will be.

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