Credit club: Self employed income

penguineater

Hello everyone.


I have been building my credit this year by taking out a credit card and putting my business costs (sole trader) on it and having it paid off by direct debit which has been working quite well so far.


In the "Your Finances" part of my profile in the credit club I have rightfully put self employed, however under "Personal annual income, before tax" I have put down my earnings pre-tax and after business costs - Is this correct or can I put my income pre-tax and pre-business costs?


Example


£20,000 income
£5,000 business costs
£15,000 take home pay pre-tax after business costs


Can I put down £20,000 under "Personal annual income, before tax" instead of what I currently have as £15,000?




On another note, I made the mistake of taking out the credit card with Tandem which do not grant a larger credit limit over time :mad: With it being my first card my current limit is tighter than i'd prefer.. so i'll be looking to open a second credit card with a company that does increase the limits! :rotfl:



Thanks for reading!

boo_star

It really doesn't matter, they're not lending you money.

penguineater

boo_star wrote: »

It really doesn't matter, they're not lending you money.

Yep but my credit card acceptance guesstimates are partly based on that right?

boo_star

penguineater wrote: »

Yep but my credit card acceptance guesstimates are partly based on that right?

Considering they're often wrong it probably doesn't matter much either way.