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Lying about salary on current account
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I haven't had a salary in 20 years, but I've opened a plethora of current & savings accounts in the period, especially during the Santander Amazon voucher switch incentive. I didn't lie about it, because I've never been asked about a salary.
'Go figure..' as some might say.1 -
MoJoeGo said:
Assuming you at least had the common sense to be consistent between applications then the banks would just be making sure that their information you had provided matched up with what other banks had.
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Sea_Shell said:Coming from a different angle, do you have to tell your bank(s) of a material change to your income once you're a customer, if your account has merrily ticked along for years?
Theoretically, of course! 😉
Whether you are found out and whether you would face going to court is another matter. It's like copying cd's or driving at 80mph.
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How do you even know someone has those limits? Are you just relying on what they told you? There is also the possibility they are lying to youRemember the saying: if it looks too good to be true it almost certainly is.0
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I wouldn't be too quick to assume she can't afford to service that debt; especially if she's a single parent, the benefits can be quite substantial.0
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JP2019 said:
I only ask this question as I know a lady who has been on benefits for years and somehow has a 3.5 grand overdraft and a credit card with a 5k limit with the bank (which I think is ludicrous). I can assure you that this woman has never worked a day in her life so there is no way she has the income to warrant that amount of credit.
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phillw said:Sea_Shell said:Coming from a different angle, do you have to tell your bank(s) of a material change to your income once you're a customer, if your account has merrily ticked along for years?
Theoretically, of course! 😉
Whether you are found out and whether you would face going to court is another matter. It's like copying cd's or driving at 80mph.
Is informing the bank whenever you have lost or gained income really in the T&Cs?
When already in a banking relationship which is operating satisfactorily, I do not see how continuing without telling the bank you had trebled or halved your income would be seen as "obtaining" a benefit and fraud.5 -
Lying about salary to a bank is fraud, not a good idea to even consider - unless you want to end up with a CIFAS when found out30+ years working in banking0
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General_Grant said:
Is informing the bank whenever you have lost or gained income really in the T&Cs? .4 -
General_Grant said:phillw said:Sea_Shell said:Coming from a different angle, do you have to tell your bank(s) of a material change to your income once you're a customer, if your account has merrily ticked along for years?
Theoretically, of course! 😉
Whether you are found out and whether you would face going to court is another matter. It's like copying cd's or driving at 80mph.
Is informing the bank whenever you have lost or gained income really in the T&Cs?
When already in a banking relationship which is operating satisfactorily, I do not see how continuing without telling the bank you had trebled or halved your income would be seen as "obtaining" a benefit and fraud.
I guess it could be fraudulent as you'd be withholding information that the bank needs to determine your credit worthiness (e.g. if you lose your job, rack up debts and then default) though I can't say I've ever seen any actual consequences for that.0
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