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Banks & Finance House employment verification checks
cockywatchman
Posts: 38 Forumite
in Credit cards
When you apply for credit card or loan what sort of checks do they do?
Do they ring up & ask for you at "work"? or fax, send a letter or whatever to confirm employment?
Second if I bought a company which has not traded but been established for over 3 years but had been submitting returns, accounts saying dormat.
Then I get one of these companies who answer phone and let you use their mail address, fax etc would that work to convince them?
Mainly as I am self employed and getting a car loan with no accounts is tricky if not impossible.
Lastly has anyone had any dealings with Compass vehicle services based in surrey? they said all i had to do was send 3 months bank statements driving license and 5x monthly payment as deposit, I haven't as I had not heard any reports of them or if they can do what they say.
If you can help with above I would be grateful.
Do they ring up & ask for you at "work"? or fax, send a letter or whatever to confirm employment?
Second if I bought a company which has not traded but been established for over 3 years but had been submitting returns, accounts saying dormat.
Then I get one of these companies who answer phone and let you use their mail address, fax etc would that work to convince them?
Mainly as I am self employed and getting a car loan with no accounts is tricky if not impossible.
Lastly has anyone had any dealings with Compass vehicle services based in surrey? they said all i had to do was send 3 months bank statements driving license and 5x monthly payment as deposit, I haven't as I had not heard any reports of them or if they can do what they say.
If you can help with above I would be grateful.
Studio 24 Balance £50 credit! Limit £1
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Co-operative Bank Account £250 credit No Overdraft
T-mobile £10 per month 6 month sim only
Nationwide |Flex £100
0
Comments
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Couldn't you just (shock) tell the truth about your employment status - or is fraud really trendy still on these boards?0
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If you are newly self employed or freelance you have real problems getting car loans, shouldn't be however that is the situation.
So I will do everything I can to claim to reduce tax getting a loan for your car is one way of doing this, but fraud? as long as you can keep up with the payments it isn't fraud is it?Studio 24 Balance £50 credit! Limit £1
Co-operative Bank Account £250 credit No Overdraft
T-mobile £10 per month 6 month sim only
Nationwide |Flex £1000
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