Should I put down a LANDLINE (NOT mobile) on Loan Application form?

Catch_A_Fire

Ryan.Maloney wrote:

I am considering being creative (I could include bonuses and overtime I expect) with the figures for my income.. are they going to check?

A potential lender may well ask for bonus information separately as well as overtime (guaranteed and non-guaranteed). They may also ask for wage slips to prove your income. As I said before though, your biggest barrier will be being a student; check before you incur searches that this will not automatically exclude you.

as400

mr_fishbulb wrote:

When you take out a land line contract and start paying it then it will show on your cret history. If you don't have any problems making payments then it will probably improve your score.

Rubbish, BT don't report on your payments to the CRA's.

Being registered on the Osis database will improve your chance of getting a loan as it is seen as a sign of 'stability'.

Some of these companies offering virtual phone numbers are flagged by the likes of Experian/Call Credit/Equifax and may well result in an instant turn down.

The CRA's will soon be recording how much you earn, this will be done with the co-operation of the big 4 banks.

Mentioning the student word will not help you obtain a loan, being in full time employment with a good salary will help you.

Loan companies are interested in 'affordability' ie your outgoings against your incommings.

I applied for a loan with the AA for £15k (HBOS group) and they did not ask for proof of earnings.

mr_fishbulb

as400 wrote:

Rubbish, BT don't report on your payments to the CRA's.

I was just going on what happened with my BT Mobile.