lost job, do I need to tell credit card people?

lisyloo

Why do people keep jumping to conclusions. OK I worded my question badly, but my job is still the same but I'm working freelance rather than as a permie.

Because you didn't give us the full facts !!

Why didn't you mention you were self-employed when you were suggesting lying in post #1?

You need to tell the truth otherwise it's a fraudulent application and the consequences for this can be quite serious.

I would say there's no point applying for a card that needs £20K per annum income if you currently don't have any proof of that.
It's a waste of a credit check.
Look for another card that you qualify for - but whatever you do you need to tell the truth.

Why can't you just keep your current card?I's not really the ideal time to be making applications.

happenstance

AndyBSG wrote: »

It was probably the statements like

"I lost my job a while ago"
"Shoud I tell them I dont have a job"
"what are the consequences if I just use the details of my old job"

Which confused everyone and made them think that you had lost your job and were going to lie to the CC company about it...

As I said I was confusing the existing card and applying for a replacement to it.

I still find all this talk of jail ridiculous. Millions of people applied for mortgages and lied about income.

happenstance

lisyloo wrote: »

Because you didn't give us the full facts !!

Why didn't you mention you were self-employed when you were suggesting lying in post #1?

You need to tell the truth otherwise it's a fraudulent application and the consequences for this can be quite serious.

I would say there's no point applying for a card that needs £20K per annum income if you currently don't have any proof of that.
It's a waste of a credit check.
Look for another card that you qualify for - but whatever you do you need to tell the truth.

Why can't you just keep your current card?I's not really the ideal time to be making applications.

Annual fee

lisyloo

I still find all this talk of jail ridiculous. Millions of people applied for mortgages and lied about income.

It's up to you.
You asked about the consequences and lots of people gave you the same answer. It's a serious crime and has serious penalties.
Lots of people get away with fraud, just as they do with lots of other crimes.
Whether you want to engage in it is now your decision.

There are plenty of cards without annual fees.
Do you have a bank you've been with a while.
My DH recently went self-employed after being unemployed for a while.
He had no problem getting a business credit card even though he was newly self-employed and had no records.
He did have a long-term relationship with the bank though and it's at times like this when that comes in useful.

happenstance

lisyloo wrote: »

It's up to you.
You asked about the consequences and lots of people gave you the same answer. It's a serious crime and has serious penalties.
Lots of people get away with fraud, just as they do with lots of other crimes.
Whether you want to engage in it is now your decision.

There are plenty of cards without annual fees.
Do you have a bank you've been with a while.
My DH recently went self-employed after being unemployed for a while.
He had no problem getting a business credit card even though he was newly self-employed and had no records.
He did have a long-term relationship with the bank though and it's at times like this when that comes in useful.

Thanks, its very much a question of ethics. All I want is to switch my ba amex plus card to a be amex card but concerned that if I apply for the normal one and I'm rejected they will take away my plus card

exoteric

happenstance wrote: »

I still find all this talk of jail ridiculous. Millions of people applied for mortgages and lied about income.

...and if they were found out, they probably went to jail.

happenstance

exoteric wrote: »

...and if they were found out, they probably went to jail.

If they jailed everyone that took out a liar loan over the last couple of years the country would be bankrupt overnight. Not that I'm advocating liar loans

lisyloo

Thanks, its very much a question of ethics.

Well the ethical stance is that it's not right to lie even if you disagree with their criteria or policies.

If you don't meet the pre-requisites (such as £20K salary) then it's odds-on you'll get rejected so that's a bit pointless.
It's not however usual that existing deals get withdrawn.
For credit applications your circusmtances usually only get checked at application time and there is usually no obligation for you to inform them of you change of income.
I think it's unlikely you'd lose any existing cards.

I agree with you that many people did get away with fraud and crimes in general.
However most reasonable people would think it's not ethical and it's also not worth it.

You probably wouldn't go to jail for lying on a credit card application but a criminal conviction wouldn't help your business life and in some careers it could be a serious hindrance. It's more liekly to affect you career and chances of getting credit in future, so whilst you might not be in a prison cell you could for example lose your dream home because you can't get the mortgage or lose your dream job because you fail the criteria. I think most of us consider those pretty serious consequences.

chattychappy

marleyboy wrote: »

CC companies are likely to check out your details, particularly your current job details and bank a\c details.

They have never checked my job details, not saying it never happens. But I reckon it is far from "likely".

What people write down may be sent to NHunter so if your story changes too much you could be caught out. In the case of my own staff, only once did a CC "check". They simply asked me if the girl worked for me, and that was all. (And that was 10 years ago.)

parksajj

chattychappy wrote: »

They have never checked my job details, not saying it never happens. But I reckon it is far from "likely".

What people write down may be sent to NHunter so if your story changes too much you could be caught out. In the case of my own staff, only once did a CC "check". They simply asked me if the girl worked for me, and that was all. (And that was 10 years ago.)

The last time any bank or lender called my work was because of a 'suspicious' transaction on my credit card and that was only because my mobile was in the car.