Personal Finance

Getting a Line of Credit without being employed or student?

  • Last Updated:
  • Feb 13th, 2018 11:06 am
[OP]
Deal Addict
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Feb 4, 2015
1224 posts
807 upvotes

Getting a Line of Credit without being employed or student?

Is it possible to get a Line of Credit without employment or student status?

Finished school and still seeking employment. Also, very good credit, with over 65K combined credit limit and NO debt.
In addition, I have some cash in bank account (~$5000).

TIA
2 replies
Deal Guru
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Mar 23, 2008
12340 posts
8766 upvotes
Edmonton
Without a source of income, you'll be hard pressed to get any credit. Not saying it's impossible, but likely very difficult.

C
Deal Fanatic
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Aug 24, 2016
8314 posts
8924 upvotes
The Prairies
You could get credit cards with no employment, but you’ll never get a LOC without an income at all.
The only way is if you happen to get a preapproval. Even then, the lender might ask for income verification.
No income, no LOC.

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