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!
Question about income on card applications....
sistafromanothermista
Posts: 2,230 Forumite
:wave:
My job is based on a salary plus commission (ratio around 60/40)
When applying for my mortgage some time ago, they took my salary as basic plus commission as i had a letter from head office to state my commission, although variable, is guaranteed.
So my question is, when it comes to applying for credit cards can i take my 'salary' as the figure on my P60 from last year?
My job is based on a salary plus commission (ratio around 60/40)
When applying for my mortgage some time ago, they took my salary as basic plus commission as i had a letter from head office to state my commission, although variable, is guaranteed.
So my question is, when it comes to applying for credit cards can i take my 'salary' as the figure on my P60 from last year?
DEBT FREE AND PROUD
'Better to remain silent and be thought a fool than to speak out and remove all doubt'
0
Comments
-
Speak to the lender in question, most will want "guaranteed" salary but then few of us have a truly guaranteed amount.0
-
...... If you make contributions to any Pensions via work then the P60 value is likely to be lower than your true salary anyway (purely your taxable salary)0
-
Does it matter, as far as I am aware they don't check, as long as you could argue that you used a reasonable basis, after the fact. Am I correct here?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
-
Does it matter, as far as I am aware they don't check, as long as you could argue that you used a reasonable basis, after the fact. Am I correct here?
I'm sure they wouldn't.
But if they did i just was curious to know legally what they require.
Last thing i need is to be done for fraud :rotfl:DEBT FREE AND PROUD'Better to remain silent and be thought a fool than to speak out and remove all doubt'0 -
...... If you make contributions to any Pensions via work then the P60 value is likely to be lower than your true salary anyway (purely your taxable salary)
I don't....not yet anyway (Jan?)DEBT FREE AND PROUD'Better to remain silent and be thought a fool than to speak out and remove all doubt'0 -
sistafromanothermista wrote: »I'm sure they wouldn't.
But if they did i just was curious to know legally what they require.
Last thing i need is to be done for fraud :rotfl:
What I am saying is, providing you can justify the figure put down and it is not just plucked out the air then it is not fraud.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Yes, I hate those gross income fields on applications. For many of us it is nowhere near that simple. I tend to side with StevieJ's approach, just be realistic with the amount of income you specify. I take mine and knock off 20%0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards