Your Credit is Not Your Income
One mistake that many people make is assuming that the more money they make, the more credit they will be eligible for. Unfortunately your income has nothing to do with your credit score.
The only exception to this rule is if the lender is using an old-fashioned “application†score, which is a scoring method that was around before FICO was invented. The calculations for this score are based on information provided in your credit application. This is how lenders decided to extend credit years ago.
However for the most part the fact that you have received an inheritance, won the lottery, got a new high paying job, received a raise or received a hefty bonus has absolutely no impact on your score. T
This is because the FICO credit scores don’t measure wealth, they measure trust. It tells lenders how willing you are to choose to make a payment.