We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Household Income?
GBMatt
Posts: 19 Forumite
in Credit cards
Hi,
A few years ago I had some money problems and defaulted on a couple of things and over the last short while I've been rebuilding my credit status, managed to get accepted for mobile phones, small loan arrangements recently so it's going well, was about to fill in an application for a Vanquis card, shocking interest but not for spending so it should be OK.
On the app it asks for the household income, but my work is not a set number of hours, should I take the last years income, an average month, can they check this or is it just to give an idea of your affluence?
Matt.
A few years ago I had some money problems and defaulted on a couple of things and over the last short while I've been rebuilding my credit status, managed to get accepted for mobile phones, small loan arrangements recently so it's going well, was about to fill in an application for a Vanquis card, shocking interest but not for spending so it should be OK.
On the app it asks for the household income, but my work is not a set number of hours, should I take the last years income, an average month, can they check this or is it just to give an idea of your affluence?
Matt.
0
Comments
-
I am in a similar situation (with the variable income, not the historical money problems). I just give a rough estimate on these things, last year's income is fine. They're not gonna check or expect you to prove it.Je suis Charlie.0
-
I am in a similar situation (with the variable income, not the historical money problems). I just give a rough estimate on these things, last year's income is fine. They're not gonna check or expect you to prove it.
Though worth remembering that application details can be recorded on N Hunter (http://forums.moneysavingexpert.com/showthread.html?t=1965153) so inventing inconsistent numbers isn't advisable.
So long as you've a basis for your estimate that you can justify then you're giving a "reasonable" figure."A child of five could understand this. Fetch me a child of five." - Groucho Marx0 -
They can check, so would use a reasonable estimate.
An example could be the amount on recent pay slips or P60
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.7K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.2K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards