Ask for limit increase or apply for 2nd card?

For just about anything you want to get off your chest about credit cards.
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Postby CollegeKid » Thu Aug 13, 2009 7:37 pm

Mrs. GoodCash wrote:Yikes, you can't fudge on the credit card app College Kid. When you sign the App, you're normally promising under "penalty of perjury" that the info is correct. So don't commit perjury. I don't know what your credit score is, but you seem to be in a big hurry to boost your credit? There are alternatives. Have one of your parents co-sign on a card (providing their credit is OK). And you can also now BUY someone else's credit history for a fee and make monthly payments for six months. This can boost your score 50 - 100 points. You get to choose the credit history you want to buy. You can also consider a "store" card like Best Buy/Old Navy/Home Depot. Again, read the fine print before you commit. And be careful about applying for too many cards trying to win approval, that can also drastically affect your credit. Good luck, Kid!

Sara Jane
[email="[email protected]"][email protected][/email]

I don't mean to "fudge"! I'm technically still "dependent" on my parents because I'm still in school. I have my own income, but that just goes to savings and personal expenses.

What I'm mainly concerned about is how my high utilization will affect my credit score. Even though I always PIF, my level of utilization is considered to be too high. So what I essentially want is a higher limit (which USBANK won't give me because A: It's a college card/I'm a student & B: My utilization is high) that isn't necessarily for more spending power, but provides a cushion so that I can continue my normal spending habits without worrying about high utilization.

Would it be smarter for me to just not use my CC for everything and pay with debit instead?

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Postby Cucumber » Mon Aug 17, 2009 2:51 am

You don't want to stop using your CC altogether because inactive accounts don't count like active accounts do on your credit record.

if you are dependent on your parents I think you are allowed to mention household income. If your permanent residence is still their house then I dont see why not. If they ask for individual income though yeah you are probably screwed unless you have some gig in school that pays insanely and being that i'm in college I know there are like no jobs out there for us that pay anything decent at all!
Stop talking crap about him!

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Mogul of Pineapples
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Postby Mogul of Pineapples » Mon Aug 24, 2009 11:07 pm

You know what call them and ask to clarify the "household income" definition. I think it might actually not be fibbing because it seems like the definition means everyone that lives in the house. I would ask them and if it's true I would then go and apply for a new card using that total amount.
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