Sunny
Recycles dryer sheets
- Joined
- Nov 7, 2013
- Messages
- 236
We had a bunch of expenditures hit all in the same billing period (new iPads, new washer and dryer, all our holiday shopping, a trip, etc.) so our normal credit card spending actually quadrupled. I logged in on Friday and noticed we'd gone over our limit.
I figured no problem, we have been using the same credit card for 6 years, paying it off each month. I'll just ask for a credit line increase. It was denied! I don't know if it is because of a lack of salary or what as the letter won't come for up to 10 business days, but it raises a question:
How do you show creditworthiness? My credit rating is in the 800s but no way to show a salary. The questions the form asked, such as debt and house payment (both none) should have been an indicator to them. But I guess they want an income from an employer?
Not a big deal, I just went ahead and paid the last billing cycle's balance 2 days ahead of the due date and we are back under. I suppose we don't really need a line increase as this is the first time in 6 years we have even come close. But it did make me wonder.
I figured no problem, we have been using the same credit card for 6 years, paying it off each month. I'll just ask for a credit line increase. It was denied! I don't know if it is because of a lack of salary or what as the letter won't come for up to 10 business days, but it raises a question:
How do you show creditworthiness? My credit rating is in the 800s but no way to show a salary. The questions the form asked, such as debt and house payment (both none) should have been an indicator to them. But I guess they want an income from an employer?
Not a big deal, I just went ahead and paid the last billing cycle's balance 2 days ahead of the due date and we are back under. I suppose we don't really need a line increase as this is the first time in 6 years we have even come close. But it did make me wonder.