Hello everyone, I am a graduating senior and was interested in obtaining another credit card for relocation and moving costs for the next few months. So I applied to two major credit card companies for a 0% intro APR deal and was declined on both due to a very high DTI. This takes into account my 200k+ student loans and my upcoming resident salary. Credit score 680 with no late payments or other negatives on credit report.
How did you all get around this issue? It seems I am hopeless and will never be approved for a credit card until I repay all my loans. The companies literally had no idea how to navigate around the issue even if I tried to explain that I would not be making 2k+ monthly student loan payments due to REPAYE. Are creditors really this ignorant towards students loans and the repayment system?
Any help is appreciated!
How did you all get around this issue? It seems I am hopeless and will never be approved for a credit card until I repay all my loans. The companies literally had no idea how to navigate around the issue even if I tried to explain that I would not be making 2k+ monthly student loan payments due to REPAYE. Are creditors really this ignorant towards students loans and the repayment system?
Any help is appreciated!