Homemaker And Credit:

tomxlisa

At the moment I am not working as I am a stay at home parent looking after the kids but my other half works full time, could I still apply for credit cards with this being the case, I know capital one which I have recently got accepted for had homemaker on the application form and my argos store card, I normally just select the homemaker option and then put the other halfs income in, is this the case for other cards as well (mainly asking about mainstream cards) as I wanna build my credit file up to get one of these.

InsideInsurance

You cannot class your partners income as your own, the fact you seem to have committed this fraud in the past could itself cause problems in the future as if you now correct your answers it wont match whats on Hunter (though as its a decrease it probably shouldnt flag much).

Homemakers can have incomes from benefits, investments, savings, property etc which is why the field is still there but you can only state yours (or your share if its owned in joint names)

Some credit card companies do ask for Household income and its these where you can then put your partners income and it will be factored in.

Paully232000

I know that virgin cards ask for household income as well as personal income (at least they did when i applied about 8 or so months ago).

They are a good card for balance and money transfers, up to 36 months as well as purchases at 0% up to 24 months.

tomxlisa

InsideInsurance wrote: »

You cannot class your partners income as your own, the fact you seem to have committed this fraud in the past could itself cause problems in the future as if you now correct your answers it wont match whats on Hunter (though as its a decrease it probably shouldnt flag much).

Homemakers can have incomes from benefits, investments, savings, property etc which is why the field is still there but you can only state yours (or your share if its owned in joint names)

Some credit card companies do ask for Household income and its these where you can then put your partners income and it will be factored in.

I only put myself down as a homemaker and then put my partners income as the household income, I've read online that many credit card company's do this now as a change in the credit act law in 2013 for stay at home parents to still be able to get credit.

tomxlisa

Paully232000 wrote: »

I know that virgin cards ask for household income as well as personal income (at least they did when i applied about 8 or so months ago).

They are a good card for balance and money transfers, up to 36 months as well as purchases at 0% up to 24 months.

I'll have to build my credit history up a bit before I can get one of those.

tomtontom

tomxlisa wrote: »

I only put myself down as a homemaker and then put my partners income as the household income, I've read online that many credit card company's do this now as a change in the credit act law in 2013 for stay at home parents to still be able to get credit.

Which law are you referring to?

tomxlisa

http://www.today.com/money/new-rule-makes-it-easier-stay-home-partners-qualify-credit-1C9838537

tomtontom

tomxlisa wrote: »

http://www.today.com/money/new-rule-makes-it-easier-stay-home-partners-qualify-credit-1C9838537

I take it you're not in America? You are aware they have a different legal system to the UK?

tomxlisa

Well I did see it on another site also which I think was UK they must allow it in the UK as every application I've done had homemaker as an option, and I put the household income as my partners so no worries really.

tomtontom

tomxlisa wrote: »

Well I did see it on another site also which I think was UK they must allow it in the UK as every application I've done had homemaker as an option, and I put the household income as my partners so no worries really.

No, every lender has their own rules as to what income you can include in your application - you should check what these rules are before applying. As already explained to you, a homemaker can be of independent means, do not assume you can include your partner's income.

DCFC79

Maybe phone the credit card company and ask the question before you make the application.