[brian j]

...need info please help? i have a problem.my girlfriend and i got a credit card from golden 1 and were trying to get it raised in 2 months but the thing is im self employed.and i make 25k year but after duductions and everything it shows i dont make that much and they dont use my income even though i make the money.why dont they just go off the 1099? is there anything i can do? they go off of my taxes after deductions.shouldnt they go off of before?

[CompGal]

I'd like to know this as well. I don't know why they won't use your 1099. My husband is an independent contractor and has a lot of deductions. He's never had to apply for anything to run up against this problem.

[ucla987]

Almost all lenders base there decision on granting credit by analyzing your credit. If your credit risk score is high, you'll probably receive "almost" any amount of credit. They must adhere to whatever income you put on the application. In real estate, this term is E Z Doc. Basically, the income you tell them, that's what you make. If it's a credit card you're after, then I would suggest applying to a different company and state a higher income. By being self employed, there's a philosophy in industry; either you pay Uncle Sam (higher income/higher taxes) or you pay the creditors (lower income/higher interest and/or costs). I'm self employed as well and it is common to state a higher income. If they return with a request for documentation, either go to a different company or tell them that you have bank statements and not your returns available. Many creditors will accept this in lieu of taxes or traditional pay stubs.