Homemaker And Credit:

Tixy

If you have recently got accepted for a credit card and store card, and you only wanting to build up your credit history then I wouldn't worry about applying for any more cards at the moment, using the 2 you have would be sufficient to build up a credit history.

You mention "every application" you have done, have you applied for other cards / credit recently and been declined? if so then it's probably best to stop making new applications for a while.

tomxlisa

Like I said they have a homemaker option and I never assumed it said household income so I included the household income, anyways I have this answer covered now and I will take on board the suggestions. Thanks.

tomxlisa

Tixy wrote: »

If you have recently got accepted for a credit card and store card, and you only wanting to build up your credit history then I wouldn't worry about applying for any more cards at the moment, using the 2 you have would be sufficient to build up a credit history.

You mention "every application" you have done, have you applied for other cards / credit recently and been declined? if so then it's probably best to stop making new applications for a while.

Agreed, as the reason I am getting denied is probably due to the thin credit file so I will stop now and build the credit file up. Thanks.

InsideInsurance

You have to answer the question asked.

If it states what is YOUR income you have to answer that question, if it states what is the HOUSEHOLD income you have to answer that question.

If it asks for your income you cannot answer with your household income which is really what was implied by:

tomxlisa wrote: »

I normally just select the homemaker option and then put the other halfs income in

At present it is the minority that give the option of declaring household income. Capital One for example states:

What should I put in the income box?

If you are a homemaker, unemployed or retired, please add up all the pension and benefits you would receive in one year and enter this as your income.

So if you entered your partners salary instead of doing what was instructed then its fraud. There is a second separate field for entering "other household income" and there you can enter partners salary.

tomxlisa

Like I've said several times I've only ever put the total income of the household where it has asked for it (which would be the partners income etc) for my income if I have to put it I normally leave it empty or put £0 as I would be a bit daft to put thousands on it if I have just selected I am a homemaker, hopefully more and more applications let you put the household income down as it shouldn't be a factor when applying as surely you would only be applying if you could afford the repayments, partners income etc it shouldn't matter just as long as they get there repayments.

InsideInsurance

tomxlisa wrote: »

Like I've said several times I've only ever put the total income of the household where it has asked for it (which would be the partners income etc) for my income if I have to put it I normally leave it empty or put £0 as I would be a bit daft to put thousands on it if I have just selected I am a homemaker, hopefully more and more applications let you put the household income down as it shouldn't be a factor when applying as surely you would only be applying if you could afford the repayments, partners income etc it shouldn't matter just as long as they get there repayments.

Some people do make thousands whilst being a house wife/husband because they have large investments which is why they dont need to work.

I doubt you will see a change, the problem is that "partners" arent always permanent and so its an additional risk for the lender on top of the normal one that someone loses their job/ is long term sick etc. The cards arent in joint names so if your partner disappears tomorrow and the lender has given you £10k of credit based on their salary they only have unemployed you to chase for that debt.