How do creditors know how much you earn

izools

jay87 wrote: »

Well the national hunter database stores the details of information such as earnings to point out fraud, so if you earn vastly different amounts on multiple credit applications in a short space of time that can flag up as fraudulent but other than that, guess there isn't much stopping it.

Yes exactly, N Hunter will flag up any application that looks remotely suspect, based on many factors and metrics including what you've put on applications to other lenders. This is one reason applications for credit may get referred.

The lender may then either decline the application for a reason other than credit scoring, or ask you to provide proof of income.

BugsyBrowne

Yeah you can earn say 75k a year but to a credit card company you can also carry a risk..
Think every credit application carries a risk..

izools

Although in this instance it's less likely to flag up with N Hunter than if you'd been honest. It's only an estimate and for the sake of argument it's true if you average out the last few years earnings?

It's fine.

Curt.

noh wrote: »

How do you come to that conclusion?
Or is it one of the 90% of statistics that are made up on the spot?

:rotfl:

Ha, that made me chuckle...nice.

Curt.

PNPSUKNET wrote: »

mbna like to ask for wage slips, or even accounts

Yeah they are one of the more "thorough" lenders when it comes to checking stuff on an application...

BugsyBrowne

izools wrote: »

Yes exactly, N Hunter will flag up any application that looks remotely suspect, based on many factors and metrics including what you've put on applications to other lenders. This is one reason applications for credit may get referred.

The lender may then either decline the application for a reason other than credit scoring, or ask you to provide proof of income.

People would be a stupid though don't you think if they kept changing their income..