prudent_one
Recycles dryer sheets
- Joined
- Jul 30, 2014
- Messages
- 333
Most recent thread I could find on the topic was 4 years old, so I'll ask.
I'm curious about what others have run into when applying for credit after retirement. Not because it's a real need but for various reasons it's something you might want to do - a 0% interest rate on a car, bonus miles for applying for a new credit card, whatever.
Wondering how lenders view applicants who might have plenty of assets but no job income and/or haven't begun drawing SS. My gut feeling is credit would be hard to come by without documented income from a job, regardless of assets. (Not including situations where people have elite banking relationships and get special treatment).
I'm curious about what others have run into when applying for credit after retirement. Not because it's a real need but for various reasons it's something you might want to do - a 0% interest rate on a car, bonus miles for applying for a new credit card, whatever.
Wondering how lenders view applicants who might have plenty of assets but no job income and/or haven't begun drawing SS. My gut feeling is credit would be hard to come by without documented income from a job, regardless of assets. (Not including situations where people have elite banking relationships and get special treatment).