I am seeing the following when applying for a credit card to help my credit score in the long run but having more of a credit line, when I see the following:
"Current or reasonably expected income includes, for example, current or expected salary, wages, bonus pay, tips, and commissions. Employment may be full-time, part-time, seasonal, irregular, military, or self-employment. Other sources of income include interest or dividends, retirement benefits, public assistance, alimony, child support, and separate maintenance payments. Proceeds from student loans may be considered as current or reasonably expected income only to the extent that those proceeds exceed the amount disbursed or owed to an educational institution for tuition and other expenses. Current or reasonably expected income also includes income that is being deposited regularly into an account on which the consumer is an account holder (e.g., an individual deposit account or joint account)."
I am currently going to school full-time and I am finishing my degrees in Cyber Security & Software Engineering & Design. Long story short, I lost two children (stillbirth & miscarriage) and couldn't teach in the schools anymore, but I am finishing a new degree that will allow me to spend time with my two living children. I fell on some rough times medically and I now have several public assistance helping me to get back on my feet, which are paying off and I am in a much better place to finish my degree. I am only stating this because I have read a few board post that made me feel unwelcome because I was on assistance and shouldn't be allowed to have income breaks in things like Amazon Prime. **eye roll** I use Student Prime Keeps the kids busy and out of my hair and my store card increased my credit score and allows me to get things like Tylenol and other needs my kids need between financial aid and scholarships payments (deposits into my account). This month I used it for Christmas gifts for the kids though :-) Other than that, I only use Prime and the card for household needs, so I was insulted by reading the post because it seemed that all the people commenting thought we sit and take government handouts, when some of us are making a better life for our kids despite things that happen out of our control! I shouldn't have to justify why I am asking this question but after searching the boards and coming up empty besides the Prime discount post, I decided to write my own question and hope that I will not take heat for being on assistance when I am only trying to get off minimum wage work, which is all I could find after my medical issues and not wanting to return to teaching again or qualifying to reenlist due to age. Besides, my future jobs will pay more! ;-)
So with the above being said, what does it mean by public assistance? What qualifies?
FYI: Yes I tried Google but I might be putting wrong keywords in or something. I just couldn't pull up any information on this topic!