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Leaving Job After Credit Card

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arjanvirdiarjanvirdi Forumite
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Hello. I applied for a credit card, and put my current job info in there. I've been accepted and was given the card, even though that my time at current job was 1 week, it stated on the application if it was less than 1 month, to state 1 month. Now after a week, I have my new credit card, but the job isn't really for me. I am leaving the job, and have a couple interviews for similar jobs elsewhere, which may be more suitable for me, but this isn't a guarantee that I'm in another job instantly. At the time of my credit card application, all the information was correct. Is this an issue? Thanks. 

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Replies

  • s_rs_r Forumite
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    Circumstances can change at any time. All the information you provided at the time of the application was correct. Hence, no need to take any further action. 
  • ratechaserratechaser Forumite
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    If I had to guess, there is probably a term in your credit card agreement saying that you should let them know if your financial circumstances change. Certainly had that with my cards.

    Not that i or probably the vast majority of people would actually pay any attention to it...
  • edited 2 May at 12:00PM
    dave1345dave1345 Forumite
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    edited 2 May at 12:00PM
    You don't say who the card is with, but as @ratechaser said there are usually conditions in your agreement. In mine with Nationwide it says:
    "You must tell us immediately if your financial circumstances change. For example, if you lose your job, your income significantly reduces for any reason or if you are off work due to long term sickness."
    It doesn't specify what "significantly" means so if you just move jobs and there isn't much of a difference it won't matter.
    I would let them know. You've done nothing wrong as what you told them on application was correct. They know people leave and move jobs so depending on how long you will be out of work it may or may not matter. Most people probably don't even think to tell them.
  • LeeUKLeeUK Forumite
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    I would only be telling them if I had a huge balance that I couldn't afford to pay back due to leaving a job. If you don't have a balance then I wouldn't bother, especially as you hope to be back in work asap. 


  • keepcalmandstayoutofdebtkeepcalmandstayoutofdebt Forumite
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    You could cancel the card if that’s an option to you?. Problem over.

    I don’t think you’ll be in trouble, I don’t imagine people call up when they’ve secured a pay rise/better paying job each and every time. What about the minimum wage workers who each year, particularly over the last few years have benefited from a small raise each April.

    I briefly once had a role selling household goods on rental to the largely unemployed/holders of benefits/people in desperate circumstances - I did once say what happens if someone improves their standing, but there was no ultimate answer really.

    All the best finding a better fit job.


  • DjangoUnchainedDjangoUnchained Forumite
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    does that mean if you have a significant pay rise or bonus or lottery you should let them know too so they can increase your credit?
    Personally i dont think they are that interested as long as you keep paying them.
  • FarfetchFarfetch Forumite
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    does that mean if you have a significant pay rise or bonus or lottery you should let them know too so they can increase your credit?
    Personally i dont think they are that interested as long as you keep paying them.

    Potentially yes, you might want a bigger limit. If the card rules require you to update them on any significant changes and you don't and they find out they could cancel the card and it could also harm your chances of say getting help in a future complaint if you didn't tell them about a change in circumstances
  • Nebulous2Nebulous2 Forumite
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    Farfetch said:
    does that mean if you have a significant pay rise or bonus or lottery you should let them know too so they can increase your credit?
    Personally i dont think they are that interested as long as you keep paying them.

    Potentially yes, you might want a bigger limit. If the card rules require you to update them on any significant changes and you don't and they find out they could cancel the card and it could also harm your chances of say getting help in a future complaint if you didn't tell them about a change in circumstances

    Card companies can't / won't discriminate against anyone who makes a complaint, or they will fall foul of the regulator. 

    They could close accounts / report to Cifas if they feel they have been deliberately misled, but that is entirely separate from a complaints process.
  • edited 4 May at 9:09AM
    phillwphillw Forumite
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    edited 4 May at 9:09AM
    Nebulous2 said:
    Card companies can't / won't discriminate against anyone who makes a complaint, or they will fall foul of the regulator. 

    If your complaint is about them lending you money that you couldn't afford to repay and they only thought you could repay it because you lied, then yes they can "discriminate" against you.
    I'm not sure what the OP means by "the job isn't really for me" but normally you'd find another job before leaving the current one.
  • FarfetchFarfetch Forumite
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    Nebulous2 said:
    Farfetch said:
    does that mean if you have a significant pay rise or bonus or lottery you should let them know too so they can increase your credit?
    Personally i dont think they are that interested as long as you keep paying them.

    Potentially yes, you might want a bigger limit. If the card rules require you to update them on any significant changes and you don't and they find out they could cancel the card and it could also harm your chances of say getting help in a future complaint if you didn't tell them about a change in circumstances

    Card companies can't / won't discriminate against anyone who makes a complaint, or they will fall foul of the regulator. 

    They could close accounts / report to Cifas if they feel they have been deliberately misled, but that is entirely separate from a complaints process.
    Think you may be a little confused or maybe replying to the wrong person??
    If your terms and conditions say to alert them to any change in circumstances and you deliberately chose not to mention something significant like no longer having the job you said you had when you applied just a month or so previously, then try and put in a complaint later about say irresponsible lending, the can absolutely use that breach of the terms against you. They aren't punishing you for complaining (which they are not allowed to do) but they certainly can "discriminate" by using your deception against you by showing they were following responsible lending rules based on the information they had.
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