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What to enter in the fields in I have credit cards already,
but I am in a unique
situation. I am 20 and living
on my own but with my parent's
income. I recently got an
American Express application
and when I called to ask about
what I could put in the
household income field, I was
told I could include my
parent's income. Is this true?
I do not remember on some
credit apps if I put my
parent's household income or
not, because I was never sure
and was living on my own. I
have put my income as how much
I regularly get a month from
my parent's.
Is this borderline fraud or is
this typical? No one really
explains it clearly.
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Yes, I would enter how much your parents give you each month. For employment - stay student. |
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Are you really stupid enough to think that you need to get credit cards when you have NO freaking income of your own? Honestly, if you have enough money to live on (no matter the source) you don't need credit, & if you DON'T have enough to live on, you should get a freaking J-O-B (NOT a credit card) & stop sitting around like you are still 7 letting your parents foot all your expenses! |
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I would claim the amount your parents give you. Usually, credit card companies don't ask for proof of income. But if they did, you could have your parents write a letter or provide some type of information to prove you receive the funds. CAUTION: Be careful about extending yourself too deep with all these credit cards. True, your parents are providing you the funds to pay your bills each month right now. But if they stopped for any reason-- you could have some major problems. ALSO: To the member who said you need to 'get a job' and you have no need for credit cards: Using credit cards will help build up your credit history. Even after your parents are out of the picture, using credit cards wisely now-- will be beneficial for you in the future. |
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