do credit card companies check your wagers

faddy

It has been suggested elsewhere (can't remember if it was TMF or uk.legal) that it only constitutes fraud if you intend not to repay.

MarkyMarkD

Faddy

What they were suggesting doesn't hold water. If you use deception to obtain a loan then that's fraud, irrespective of whether you actually pay up or not.

The chances are, though, that this would only be identified by the lender when you defaulted - but that doesn't negate the fact that the fraud was committed when the facility was gained through deception.

Robert_Sterling_3

I think the charge might be "attempting to obtain a pecuniary advantage by deception".

Here

deemy2004

It would only be a problem if you failed to repay the debt and they took you to court and it came up there as evidence that you were unemployed when you stated you were employed.

Robert_Sterling_3

I do not think that anyone posting on the MSE site should encourage criminal behavior on the grounds that you are unlikely to be caught out.  :o

Fatboy_NSS

Whether or not the credit card company would ask, your salary is confidential information and your employer would be breaking data protection law by revealing this to a credit card company, or anyone else who asked.

Rather than the total salary you're on, artificially increasing the length of time with your current employer is more likely to get you a higher credit limit. Lenders like to see that you're able to hold down a job with a steady income.

I'd watch out doing this tho. You certainly wouldn't get into trouble if you make your repayments on time (the bank makes more money if you borrow more). However if you default on your payments and the bank then discovers that you lied on the application form then you could end up defending a fraud charge rather than simply facing a CCJ.

deemy2004

I do not think that anyone posting on the MSE site should encourage criminal behavior on the grounds that you are unlikely to be caught out.  :o  :o

Just answering the guy on what is likely to happen.
If you feel encouraged

Personally, I would not lie about my income, but really its upto the CC to do better checks, i.e. request a payslip or a bank statement. Afterall they have a responsibility to do proper checks i.e. proper rules and procedures. If they can't even get simple thing as requesting a payslip straight..... well.... I'd guess their person in charge of finance is being negligent.

But folks contemplating lieing - Don't ! Even if the CCC's are acting like suckers....

acesupersaver

HSBC asked me for 3 months worth of payslips when I applied for their Gold card

blinko

its a lose lose for me i just left a two year job and i now have some rubbish part time thing which gets me about 4k a year and i have been in this job 1 month i dont know why i even bother

InsuranceLiability

Wait until you get another job or declare your 4K earnings.

Do not lie on credit card applications, do not even exaggerate. I have seen people investigated for claiming to live at an address, slightly longer than it said on the electoral register - before they even got the credit.
The credit reference agencies are working on a service to validate CVs wich will give details of lengths of employements and time at addresses to validate a Job candidates CV. How long do you think it will be before it has salaries, tax returns, pay rises, disciplinary records etc on it?
That will be a lot easier for the lenders to check than 3 payslips.
The legal standing of somebody who commited fraud on a form several years ago and the information has only come to light would be interesting