If you are still in school, three or four hits in six months is too many. You would likely be denied on that basis as much as lying about being a business. If you are still dependent on financial aid, meaning you're not earning enough money to support yourself and your schooling, that counts against you also. We had a poster here awhile back who was miffed that his in-college daughter was being denied a fourth or fifth credit card despite having no income or ability to pay her bills. He was looking for sneaky strategies to get her the additional card anyway. That kid's credit report must have been a train wreck. Imagine having all those black marks on your record before you even enter the workforce.