Posts Tagged "income"

Credit card balance can affect credit scores even if paid in full each month

Dear Experian,

My credit score factors say “amount owed on revolving accounts is too high,” but I pay the balances off every month. I make more than $1 million per year and have no debt at all. Please explain why this is a factor in my score.

– TRZ

Difference between “balance-to-limit ratio” and “debt-to-income” ratio

Dear Experian,

What is the appropriate balance-to-limit or debt-to-income ratio? I do not maintain a balance on my credit cards but worry that I have credit limits that are too high and could impact my overall credit.

– TBL

Income is not part of a credit report

Dear Experian,

I’d like to complete my income information on my credit report. How can I do this?

– RYD

Credit scores not impacted by employer listing or income

Dear Experian,

It appears all three credit reporting agencies had listed my employer incorrectly. What impact does my correct employment and earnings have on my credit rating?

-RCH

Income is not part of a credit report so cannot be updated with Experian

Dear Experian, How do I get the word to Experian that my income has greatly increased? I was denied a credit limit increase on my credit card, and I think it was because they think I still have a low income. – ORI   Dear ORI, Income is not part of your credit report. Lenders […]

Income isn’t the key factor in getting credit card

Dear Experian,

How could it be that I make $80,000 a year but I can’t get a retail credit card?

– TNI

Role of income in credit reporting

Dear Experian,

What role does income play in credit reporting?

– LIB

Our policies for Ask Experian:

The information contained in Ask Experian is for educational purposes only and is not legal advice. You should consult your own attorney or seek specific advice from a legal professional regarding your particular situation. Please understand that Experian policies change over time. Posts reflect Experian policy at the time of writing. While maintained for your information, archived posts may not reflect current Experian policy. The Ask Experian team cannot respond to each question individually. However, if your question is of interest to a wide audience of consumers, the Experian team will include it in a future post.