HP approved without evidence of salary

gayleanne

A wage slip is documentary evidence, I would have thought.

_Andy_

Thomas_Hardy wrote: »

Did he not tell them that was an exceptional month, he didn't normally earn that much? If so, that would be lying by omission/ misrepresentation of his financial position.

Right, so he wasn't entirely honest with them then

Bravehearted_2

So he did lie.

Bonus isn't considered salary for lending purposes.

I love how the post is constructed to blame the lender,when it was your genius of a son that mosreprented his income.

Apples2

You knew best when he wouldn't listen, we know best now you won't listen.

Stop this mis-sold nonsense, he applied, he waffled it was no problem for him, stop pointing the finger outwards. Tell him to battle on until the 50% point then hand it back having learnt his lesson.

opinions4u

Sell the car.

Pay the debt off.

Only one person to blame here.

guesswho2000

Agree with the above, not a single one of my credit card companies or my HP company (when I had a car on HP) asked for proof - if you falsify, or even bend the truth, it's fraud, plain and simple.

They make their decision based on the application and corroboration of that app with CRA data; different salaries appearing will flag up and he could end up with a CIFAS flag...

newbutold

I have bought 5 cars on hp, the first being when I was 18 and I have never been asked for proof of my salary. In fact, I don't think I've been asked my actually salary.

It really isn't down to the dealership to decide whether your son can afford the car, that is for your son to decide.

DS_Queen

Thomas_Hardy wrote: »

Did he not tell them that was an exceptional month, he didn't normally earn that much? If so, that would be lying by omission/ misrepresentation of his financial position.

This was his first month paid by the company (he's an apprentice) and he believed the amount in his pay packet was what his monthly wage was going to be. Unfortunately, the next month he realised his mistake.

I only wanted some advice. All I wanted to know was if they should have asked for proof of earnings!

Thomas_Hardy

DS_Queen wrote: »

This was his first month paid by the company (he's an apprentice) and he believed the amount in his pay packet was what his monthly wage was going to be. Unfortunately, the next month he realised his mistake.

I only wanted some advice. All I wanted to know was if they should have asked for proof of earnings!

So your son took a job without knowing how much it paid? I'd be taking what he is telling you with a pinch of salt.

DS_Queen

Apples2 wrote: »

You knew best when he wouldn't listen, we know best now you won't listen.

Stop this mis-sold nonsense, he applied, he waffled it was no problem for him, stop pointing the finger outwards. Tell him to battle on until the 50% point then hand it back having learnt his lesson.

I'm not pointing the finger outwards. I have never taken out HP so don't understand how it works. And yes, obviously you do know best but how do you know I'm not listening. I have read everyone's posts and appreciate their responses.