Comments on: If i’m a student and unemployed, what should I report as my income on a credit card application? http://www.student--creditcards.com/2009/12/if-im-a-student-and-unemployed-what-should-i-report-as-my-income-on-a-credit-card-application/ Helping students pick a credit card Mon, 31 May 2010 22:33:45 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Reena http://www.student--creditcards.com/2009/12/if-im-a-student-and-unemployed-what-should-i-report-as-my-income-on-a-credit-card-application/comment-page-1/#comment-198 Reena Mon, 28 Dec 2009 06:21:19 +0000 http://www.student--creditcards.com/2009/12/if-im-a-student-and-unemployed-what-should-i-report-as-my-income-on-a-credit-card-application/#comment-198 You have no income and need to apply for the special Studen Credit Cards. (possibly only available if one of your parents co-signs). You have no income and need to apply for the special Studen Credit Cards. (possibly only available if one of your parents co-signs).

]]> By: dusty_titus http://www.student--creditcards.com/2009/12/if-im-a-student-and-unemployed-what-should-i-report-as-my-income-on-a-credit-card-application/comment-page-1/#comment-197 dusty_titus Sat, 26 Dec 2009 04:11:24 +0000 http://www.student--creditcards.com/2009/12/if-im-a-student-and-unemployed-what-should-i-report-as-my-income-on-a-credit-card-application/#comment-197 You can't report your scholarship or loans as income. If you lie and say you are working at a store and you earn $xxx.xx per week - this will be shown on your Credit Report. If indeed, some crazy credit card company is dumb enough to give you a credit line based on your lies, and you feeling so good about pulling one over on them, go on a buying binge, and go to your limit - only be paying 15.00 (minimum) per 500 per month on this card. Then you're on the slippery slid into abject indebtedness, as you try to borrow your way out of it. Good Luck! You can’t report your scholarship or loans as income. If you lie and say you are working at a store and you earn $xxx.xx per week – this will be shown on your Credit Report. If indeed, some crazy credit card company is dumb enough to give you a credit line based on your lies, and you feeling so good about pulling one over on them, go on a buying binge, and go to your limit – only be paying 15.00 (minimum) per 500 per month on this card. Then you’re on the slippery slid into abject indebtedness, as you try to borrow your way out of it. Good Luck!

]]> By: sashazur http://www.student--creditcards.com/2009/12/if-im-a-student-and-unemployed-what-should-i-report-as-my-income-on-a-credit-card-application/comment-page-1/#comment-196 sashazur Wed, 23 Dec 2009 18:39:53 +0000 http://www.student--creditcards.com/2009/12/if-im-a-student-and-unemployed-what-should-i-report-as-my-income-on-a-credit-card-application/#comment-196 Yes, a scholarship is considered income by the IRS. However, a loan is not income. If you can't qualify for a regular credit card, you could look at getting a secured credit card; that's the type where you put in some cash up front, and that amount of cash *is* your credit limit. Yes, a scholarship is considered income by the IRS. However, a loan is not income.

If you can’t qualify for a regular credit card, you could look at getting a secured credit card; that’s the type where you put in some cash up front, and that amount of cash *is* your credit limit.

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