Negativity is not helpful

[asking4afriend]

The credit point increase isn't necessary. I was so proud to hit 791 only for it to decrease 1 week later. So, that's just me wanting to recover my score.

[NoHardLimits]

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@asking4afriend wrote:

I didn't mention business school. I'm a Tech Consultant ($TEM).

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My mistake.  I typed business school instead of graduate school.  The sentiment is the same; no credit card application asks if you went to a top 10 school.  The only time they would ask for school information is if you were applying for a "student" card product.

[Slabenstein]

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@asking4afriend wrote:

There is no mention of a specific amount of other than a certain percentage in the bank over the monthly minimum wage. A local lawyer suggested $150k in ADDITIONAL credit would make for a stronger application. 

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I'd ask the local lawyer for other suggestions.  From what you've said here, this one isn't achievable in a timeframe that would matter for your residency VISA application.

[narcan04]

The collective can correct me, but I can't think of too many datapoints showing someone with regular job type money attaining the limits you're looking for in the time you are looking for them. 

The only people getting $30k-50k limits per account within their first year have a ton of income and thick/aged credit profiles. Realistically, you're looking at 2-3 years of steady building to reach that kind of credit limit. 

[NoHardLimits]

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@asking4afriend wrote:

There is no mention of a specific amount other than a certain percentage in the bank over the monthly minimum wage. A local lawyer suggested $150k in ADDITIONAL credit would make for a stronger application. 

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Yes, what I have been trying to stress is that the actual wording is to have real money in the bank.  True liquid assets are typically what strengthens a visa application.  The local lawyer's suggestion is something in addition to the real requirement.

[asking4afriend]

At least I didn't file Bankruptcy. I see so many people on this form post Bankruptcy asking for advice. 

[Horseshoez]

Not to pile on, but based upon your posts I cannot think of a single financial institution which would give you even $20,000 of unsecured credit as a new customer of theirs.  It is said often here that credit is a marathon not a sprint; do you have a foundation to get $98,000 in credit?  Yes.  Is it going to happen any time soon?  I'm betting less than 1% odds on that.

[NoHardLimits]

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@asking4afriend wrote:

At least I didn't file Bankruptcy. I see so many people on this form post Bankruptcy asking for advice. 

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No one is saying that people with poor credit histories in the past can't improve their situations over time.  It's your specific time frame that is unreasonable.

[asking4afriend]

What's regular job type money? I am self-employed as a Tech Consulant and only take on projects as needed in order to concentrate on getting exceptional grades and completing my degree. I plan to take on more projects after graduation. People in my field make a low $250k and up to $500k+ working a regular 40 hour week, for someone else. When I am a full-time independent consultant I can make much more than that. I found some great options for property ownership and don't want to miss out. I will consult with another immigration lawyer to compare the advice I've been given.

[asking4afriend]

I believe that response was for another person who tried to question my character for not paying back the aged-off debt (CHARGED-OFF). 

I understand that the timeline was too optimistic but supposedly First Tech offers high starting limits, especially if you have some money in the bank. I was asking for similar recommendations and not a backlash.