Accepted for an egg card but only £500 Limit?!

Toilet-Duck

YorkshireBoy wrote: »

When you apply for credit, the information you provide is shared with Fraud Prevention Agencies.

This information includes employer name, start date(?), job title, and salary.

Any irregularities are flagged up for further investigation, and if the lender suspects application fraud they will mark your credit file as such with a CIFAS marker.

I'm not saying you've done anything wrong (with any intent?), but just thought I'd mention it in case you didn't know?

BTW, I would think £32K is a good salary for a 20 year-old so might, in itself, flag up?

Oh I didnt know this I knew they checked your details and everything, would they simply contact me if there was a problem?

I did phone up egg and they simply told me to put either one of my jobs information on the application it didnt actually matter as long as I put both jobs down in the company info ...

How would I tell if I was suspected for fraud!!? I hope I havent done anything wrong they would surely contact me first??

YorkshireBoy

They wouldn't have given you a card if they suspected application fraud.

If you took advice before completing the form you should have nothing to worry about.

Just out of interest, are you working 2 permanent jobs or is there an overlap. I suppose what I'm asking is will you earn £32K this year?

Toilet-Duck

YorkshireBoy wrote: »

They wouldn't have given you a card if they suspected application fraud.

If you took advice before completing the form you should have nothing to worry about.

Just out of interest, are you working 2 permanent jobs or is there an overlap. I suppose what I'm asking is will you earn £32K this year?

JUST NOTICED IM ONLY EARNING 16K sorry a typing error thats my mothers wage not mine! I make around 16k a year getting mixed up sorry. I put 16k a year on my application form.


Just realised now when reading over my post so 16k is a decent wage for a 20 year old? For a decent credit limit?

Staciep88

I just got accepted by Egg with a £500 limit, which I also thought was pretty useless as me and OH are trying to shift all his debt to 0%BT cards. He owes £4600.00, I applied for a Virgin 0% BT for 15 months and got excepted with £1000.00 limit so we will transfer £950.00 to that one, and transfer £450 to the Egg card 0% BT 13 months. so now he is left with £3200 on his extremly high interest card, which is alot better than £4600! I think you should def transfer the 95% of the limit for your egg card as that is still £450 that your not going to get charged interest. I think you should also apply for a Virgin 0% BT card, as I got a £1000 limit and I earn less than you

gax23

You answered your own question - you may have a well paid job, but you've only been there a week. Credit card companies need stability, and they had more security in your previous longer-term, lower-paid job than they currently have in your brand new, higher-paid job.