Author Topic: poor debt to income ratio  (Read 3082 times)

Offline Freddie

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poor debt to income ratio
« on: April 18, 2013, 02:23:00 AM »
I applied for the British Airways card from Chase and was denied. I got accepted that same day by Chase for a business Ink.

Seems that the problem is that I cannot get accepted for consumer cards because I have a mortgage (over 2k a month) that is taking up my whole income to debt ratio. I have no problem getting accepted for business cards, but what am I supposed to do about consumer cards?? The Chase rep told me today that there is nothing to even discuss since my income is low and my mortgage is high. She said it's due to some federal regulation passed in 2011.

How does one go about reconsideration in this case?

Other than doubling my income or selling my house, how should I deal with this problem in general?

Offline yuneeq

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Re: poor debt to income ratio
« Reply #1 on: April 18, 2013, 02:30:29 AM »
You may want to give different income numbers next time. But until then, HUCA,  HUCA, and more HUCA. 
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Offline Shmulyg

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Re: poor debt to income ratio
« Reply #2 on: April 18, 2013, 02:47:58 AM »
You may want to give different income numbers next time. But until then, HUCA,  HUCA, and more HUCA.
+1
Also, next time understate your mortgage...

Offline CountValentine

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Re: poor debt to income ratio
« Reply #3 on: April 18, 2013, 02:52:15 AM »
Telling someone to lie on an app is not very smart and AFAIK it is fraud.
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Offline AJK

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Re: poor debt to income ratio
« Reply #4 on: April 18, 2013, 06:50:12 AM »
Telling someone to lie on an app is not very smart and AFAIK it is fraud.

+1, common sense, ppl.
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Offline meshugener

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Re: poor debt to income ratio
« Reply #5 on: April 18, 2013, 08:24:59 AM »
And its not even possible to understate the mortgage.
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Offline yuneeq

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Re: poor debt to income ratio
« Reply #6 on: April 18, 2013, 08:39:10 AM »
Telling someone to lie on an app is not very smart and AFAIK it is fraud.

I never told him to lie..
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Offline AJK

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Re: poor debt to income ratio
« Reply #7 on: April 18, 2013, 09:54:14 AM »
I never told him to lie..

I'd bet most ppl would beg to differ.

In any event, even if it wasn't an affirmative statement "you should lie," it was eminently clear by implication.
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