Does anyone know how much it matters to state your correct income on a credit card application?
I am trying to increase my credit rating, and one way to do that is to increase my debt-to-available. I really don't make that much, but I would like a card with a high available balance. I would barley use the card, but need my rating up to buy a house. I am currently using like 60-70% of my credit. (I know...should have never let it happen, but I am learning.) It didn't help that Chase closed my WaMu account and I lost $10k in available credit!!
How often to creditors check into this?
I am not saying that I would like drastically alter my pay rate by double or more, but is there a harm to say like add an extra $10k-$15k to my salary? Does that really make a difference in the amount they offer you?
I do side work, but don't enough to claim it on my taxes. So I have the money.
Any of your thoughts is appreciated. Thanks!