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Access to Credit Cards for non working parents
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Sea_Shell said:Deleted_User said:The risk is for them. If they give you credit with no income and you run it up and put in a claim for hardship or unfair lending, they have to suck up and write off the money. Hence a risk.
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Sea_Shell said:Deleted_User said:The risk is for them. If they give you credit with no income and you run it up and put in a claim for hardship or unfair lending, they have to suck up and write off the money. Hence a risk.
But I only have "no income" on paper!!
I am of independent means😉
Hence, no risk.
Application forms don't take that into account. But then they probably don't want me as a customer, as they won't earn a penny interest out of me!0 -
Deleted_User said:Sea_Shell said:Deleted_User said:The risk is for them. If they give you credit with no income and you run it up and put in a claim for hardship or unfair lending, they have to suck up and write off the money. Hence a risk.
But I only have "no income" on paper!!
I am of independent means😉
Hence, no risk.
Application forms don't take that into account. But then they probably don't want me as a customer, as they won't earn a penny interest out of me!
Savings🤣🤣. Yeah, a few nuts I could dig up! 😉
One can also lose a £50k a year job too.How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)0 -
Sea_Shell said:Deleted_User said:Sea_Shell said:Deleted_User said:The risk is for them. If they give you credit with no income and you run it up and put in a claim for hardship or unfair lending, they have to suck up and write off the money. Hence a risk.
But I only have "no income" on paper!!
I am of independent means😉
Hence, no risk.
Application forms don't take that into account. But then they probably don't want me as a customer, as they won't earn a penny interest out of me!
Savings🤣🤣. Yeah, a few nuts I could dig up! 😉
One can also lose a £50k a year job too.
As has been pointed out above, card issuers get plenty of money from merchant fees (typically 30-40% of income) when you spend, even if pay back in full every month0
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