Salary Exaggeration?

smithers1981

Ive just read on here that credit searches do not show your salary, does that mean if i were to exaggerate my salary form 29k to say 45k i would be more likely to be accepted?

Are there any more white lies one could use to enhance ones credit score?

chattychappy

First of all, it is a fraud - fraud by misrepresentation. The offence would be committed at the moment you submit the application, regardless of whether you intend to pay it back or consider it a "white lie".

But you are right.there is no immediate way to check. They might ask for proof - eg bank statements. They might check with your employer that you are employed by them (rare) but they wouldn't ask for salary information. Other information might give them a clue - eg if you put down you are a 20 year old apprentice but are earning £75K. (I think someone on another thread with inside knowledge said they have expected salary ranges for different types of job.)

q3estion-mark wrote: »

No because National Hunter would pick it up and you'd end up with a CIFAS (category 4 - facility refused) as well.

Not necessarily because they don't have direct access to your salary information. But they will pick up inconsistent information given on different applications within a short period. Most people who lie don't do a good job of it.

molerat

http://www.cps.gov.uk/legal/d_to_g/fraud_act/#a07

The Offences

Section 1 creates a general offence of fraud and introduces three ways of committing it set out in Sections 2, 3 and 4.

• Fraud by false representation (Section 2);
• Fraud by failure to disclose information when there is a legal duty to do so (Section 3); and
• Fraud by abuse of position (Section 4).

In each case:

• the defendant's conduct must be dishonest;
• his/her intention must be to make a gain; or cause a loss or the risk of a loss to another.
• No gain or loss needs actually to have been made.
• The maximum sentence is 10 years' imprisonment.

Fraud by false representation (Section 2)

The defendant:

• made a false representation
• dishonestly
• knowing that the representation was or might be untrue or misleading
• with intent to make a gain for himself or another, to cause loss to another or to expose another to risk of loss.

The offence is entirely focused on the conduct of the defendant.

Do you really want that credit card that much ?

BugsyBrowne

smithers1981 wrote: »

Ive just read on here that credit searches do not show your salary, does that mean if i were to exaggerate my salary form 29k to say 45k i would be more likely to be accepted?

Are there any more white lies one could use to enhance ones credit score?

Yes anyone can lie or exaggerate on their salary it may be Picked up national hunter or it may not as people's salaries do sometimes change like promotion or you've got a better paid job.

If your on say 20k a year it's always best to tell the truth as then you've got no comebacks to worry about.

HappyMJ

LOL...You must be able to prove your income. Use every source of income if you must including benefits and overtime and regular gifts from family and friends including any child support you get but be prepared to prove it.

BugsyBrowne

molerat wrote: »

http://www.cps.gov.uk/legal/d_to_g/fraud_act/#a07Do you really want that credit card that much ?

You also have to remember there is more of a chance of dogs becoming pilots then there is going to prison for changing salary on a credit application form.

smithers1981

Interesting answers think a 'typo' would make a sound defence surely 10 years imprisonment for a 'typo' a little harsh.

Personally I've never been asked for proof of earnings on any credit I've applied for and not sure what would trigger a lender to investigate if someone is lying on application.

Only curious would never condone fraud in any way shape or form:rotfl:

BugsyBrowne

smithers1981 wrote: »

Interesting answers think a 'typo' would make a sound defence surely 10 years imprisonment for a 'typo' a little harsh.

Personally I've never been asked for proof of earnings on any credit I've applied for and not sure what would trigger a lender to investigate if someone is lying on application.

Only curious would never condone fraud in any way shape or form:rotfl:

I personally wouldn't do it,but my mates have been doing it for 20 years and they are always floating about with huge limits on their cards, but this probably has something to do with their applications always being consistant.

Th1984

At the age of 24 Tesco didn't believe my salary (circa 65k at the time) and wanted to see 6 months payslips before opening a cc account. even then the limit was only the average net amount.

BugsyBrowne

Th1984 wrote: »

At the age of 24 Tesco didn't believe my salary (circa 65k at the time) and wanted to see 6 months payslips before opening a cc account. even then the limit was only the average net amount.

By looking at your signature would think most people would query your salary.

molerat

BugsyBrowne wrote: »

You also have to remember there is more of a chance of dogs becoming pilots then there is going to prison for changing salary on a credit application form.

I agree there is no real chance of a prosecution but it shows what territory the action is in and for that the banks would take great pleasure in sticking a big fat CIFAS marker on the offender.