Can HMRC access credit applications information?

noah271007

Hi guys.


As i have heard many tales of people getting credit cards with high credit limits despite the fact they are on benefits and not employed- they never seem to get caught lying on their credit applications!!

I would have thought that credit card companies would find details of their employment via HMRC with their tax records. I believe the current system is not yet geared up to detect this am I right?

I think the credit checks should be more strict and include the national insurance number on applications so for instance, a prospective credit lender can access info about the applicant's details on application form via HMRC to confirm employment details and salary (with the help of national insurance number link).

This would certainly cut down credit fraud and spot inaccurate info submitted on application forms, for example salary.

Is there any plans to do this in the future? Or is this too expensive to implement?

zppp

noah271007 wrote: »

Hi guys.


As i have heard many tales of people getting credit cards with high credit limits despite the fact they are on benefits and not employed- they never seem to get caught lying on their credit applications!!

I would have thought that credit card companies would find details of their employment via HMRC with their tax records. I believe the current system is not yet geared up to detect this am I right?

I think the credit checks should be more strict and include the national insurance number on applications so for instance, a prospective credit lender can access info about the applicant's details on application form via HMRC to confirm employment details and salary (with the help of national insurance number link).

This would certainly cut down credit fraud and spot inaccurate info submitted on application forms, for example salary.

Is there any plans to do this in the future? Or is this too expensive to implement?

Salary information is supplied to Callcredit I think, I may be wrong though...
If a lender has any concerns over someone's income though, they will ask for supporting documents, such as a contract of employment and or wage slips.

zppp

GhenghisKhan wrote: »

YAWN,YAWN,YAWNyet another rather tedious question posted by someone trying to see if anyones out their and will actually respond ;);););)

I think you need to stop posting off topic drivel, the OP posted a perfectly acceptable question.

DarkFallout

A lot of people living on benefits have higher and more stable income than people living on minimum wage. If you have a higher rate DLA, combined with all other benefits your income is even higher.

I have a neighbour who is unemployed (wife is working around minimum wage, 2 kids) and he is receiving more than 600 pounds a month in different benefits (tax credits included, everything is legal, they are entitled to them). I don't know the exact amount of money he gets, but he has a 50-inch TV, second hand car, etc.

So why do you think that he shouldn't be able to have CC and other forms of credit?

In a way benefit payments are even more stable than wages in the current circumstances.

P.S. Regarding the salary, I think that most of the creditors don't have access to this info (except your bank which can see the money going in to your current account).

stclair

HMRC do have access to view experian not for the purpose being referred too though.

woody01

GhenghisKhan wrote: »

YAWN,YAWN,YAWNyet another rather tedious question posted by someone trying to see if anyones out their and will actually respond ;);););)

What a tool!

sutton111

zppp wrote: »

I think you need to stop posting off topic drivel, the OP posted a perfectly acceptable question.

Please don't fed the Troll!

This Idiot has been on here before, they will get banned yet again.

Just report them using the abuse button.

DarkFallout

stclair wrote: »

HMRC do have access to view experian not for the purpose being referred too though.

I think that is related to the ID/address checks performed by HMRC.

zppp

Oh I have, and he is becoming abusive on the Sub-prime thread now. Some people never learn eh?

noah271007

zppp wrote: »

Salary information is supplied to Callcredit I think, I may be wrong though...
If a lender has any concerns over someone's income though, they will ask for supporting documents, such as a contract of employment and or wage slips.

What about if lender do not ask for supporting documents? Supposing the application was approved instantly online?

I get rather !!!!ed off when i hear tales from people who claimed they got a credit card with a 10K CL even though they are on benefits and not in employment. It is very obvious something is wrong there.

zppp

noah271007 wrote: »

What about if lender do not ask for supporting documents? Supposing the application was approved instantly online?

I get rather !!!!ed off when i hear tales from people who claimed they got a credit card with a 10K CL even though they are on benefits and not in employment. It is very obvious something is wrong there.

It depends on how much in benefits they recieve I suppose. For alot of people (which I imagine will change shortly) being on benefits pays more than working, because of the way the system works presently.