- Posts: 1
- Joined: Tue Oct 20, 2015 2:48 pm
- Location: Tallahassee, FL
So I was planning on getting a new credit card and I don't know how I would report my income. I just got a new job as a home sales consultant selling houses in a community that my company develops. I make a base salary of just $18,000 a year, but I make my real money off commission. I've been here just over a month. Ideally, a target is for me to sell two houses a month, so let's just base it off that, on our lowest price house where I would make my 2% commission. If I do that, in total, my annual income would be $90,000.
How would I report something like this on a credit application? As far as my previous job, I was working hourly at a golf course for two summers which would've worked out at about a $12,000 a year income, so putting that wouldn't obviously be too much, and putting $18,000 a year wouldn't be much better.
As far as my credit goes, I have great credit, but only 1.5 years of credit history. Got my first credit card with a local credit union with a $300 monthly limit (I have been very surprised they never upped it on me), and then my Discover card with a $1,500 monthly limit. The Discover card is about 8 months old. Both are "student" credit cards. I also just got a lease in August and was approved for Toyota's tier 1+ (highest credit tier). I get my TransUnion FICO score with my Discover statement every month, and I'm at 737. It's been at 740ish for several months with no real fluctuation.
Another question would be, given my good (but also limited) credit history, would it most likely end up with me getting approved, but with a low monthly limit if I were to just put $18,000 a year? Thank you all for your responses!