Tax credits considered income?

catewithers

Are tax credits (working and/or child) considered income for the purposes of a personal loan application?

Apologies if this has been answered before. I have done a search and checked the sticky but can't seem to find anything relevant.

If there is a relevant thread please post the link for me!

Thanks.

DCFC79

catewithers wrote: »

Are tax credits (working and/or child) considered income for the purposes of a personal loan application?

Apologies if this has been answered before. I have done a search and checked the sticky but can't seem to find anything relevant.

If there is a relevant thread please post the link for me!

Thanks.

Id say no as they can be stopped, is it a single application ?

jonesMUFCforever

I would second that no.

catewithers

Thanks for replying.

That was my first thought as well. But it seems that they are often accepted on mortgage applications

See here:

https://www.telegraph.co.uk/personal-banking/mortgages/will-mortgage-lenders-accept-income/amp/

So I was a bit confused!

Craig1981

it would depend on the lender, in my experience

some will ask for all "other" income, including all benefits, some list specific benefits that can be included only

give whoever you are trying to make application with a call to see what they say, and then include/exclude as needed