Incorrect Income but want to put it right

Emmia

perplexingpegasus said:

[Deleted User] said:

perplexingpegasus said:

The card which is 1.5% increase in salary has been accepted and so have transfers I have had this now for a few weeks, please note, but I want to put things right. This was not deliberate at all in trying to get a higher credit limit if that would have been the case I would have inflated the salary way more, apologies I am quite an anxious individual 

Not sure that an innocent error of such a low magnitude will have any bearing whatsoever. 

You have no sound reason for your anxiety on this occasion. 

Thanks for your reply, what do you mean I have no sound reason for my anxiety on this occasion? I do not want to get done for fraud, I made a mistake and I am worrying of this, I probably got in my head reading of application fraud etc, this is by no means me upset by your statement I am only stating facts.  

You won't get prosecuted for fraud by under declaring your income by £30 a month. Your tax position could change which would mean your take home would go up by more than that, you may get a pay rise or a bonus.

Just pay your card in full and on time, and stop worrying.

In any case if Barclaycard don't like it, then they'll withdraw your card rather than prosecuting you. Prosecution is expensive, substantially more expensive than £460. And your defence in this extremely unlikely scenario would be that you made an honest error, which is clearly what happened.

I commend your desire for honesty, but there really is no need in this situation to start contacting Barclaycard about this.

Emmia

perplexingpegasus said:

Emmia said:

Would you update your card issuer if you had a (below inflation) pay rise of 1.5%?

I'd leave it, you'll probably get a pay rise at some point which would move you up by more than 1.5%.

In all fairness, I naturally wouldn’t as I wouldn’t remember to as the application has been accepted. It would be last thing on my mind, it’s just I applied for another one which has been accepted but I had to prove income, when I had the epiphany of this and how my application details will be shared as a fraud prevention method, I do understand I may all well be in my head of this, I just wanted to make it clear to Barclaycard I am in no way trying to cause deceit whether small or big.

As an example you might have changed jobs or reduced your hours which might have affected your take-home salary between applying for the Barclaycard and the new card.

A pay cut can actually be a pay rise if the new job is cheaper to commute to for example, or if a reduction in hours means you save on childcare or other costs.

perplexingpegasus

Emmia said:

perplexingpegasus said:

Emmia said:

Would you update your card issuer if you had a (below inflation) pay rise of 1.5%?

I'd leave it, you'll probably get a pay rise at some point which would move you up by more than 1.5%.

In all fairness, I naturally wouldn’t as I wouldn’t remember to as the application has been accepted. It would be last thing on my mind, it’s just I applied for another one which has been accepted but I had to prove income, when I had the epiphany of this and how my application details will be shared as a fraud prevention method, I do understand I may all well be in my head of this, I just wanted to make it clear to Barclaycard I am in no way trying to cause deceit whether small or big.

As an example you might have changed jobs or reduced your hours which might have affected your take-home salary between applying for the Barclaycard and the new card.

A pay cut can actually be a pay rise if the new job is cheaper to commute to for example, or if a reduction in hours means you save on childcare or other costs.

Thanks Emmia, on the comment pay your card in full, I have it set on the minimum but when I have spare few hundred etc I’d put it in there or another card and I do pay it on time or before but have never cleared the total balance til the final payment of course.

 From everyone’s comments I am less worried, I have an account with Tesco Bank who may be moving to Barclays if the courts accepts it and Tesco Bank have my correct salary so was thinking this could cause red flags I potentially will get a payrise above 1.5% but this is subject to union negotiations. Funnily enough if I recall, I may have caused some confusion myself as I am  actually to earn £40 above what I earn a month as I owe tax for the previous year.

I do appreciate your help and guidance through this, reading all about CIFAS etc will really screw me over and they seem near impossible to get removed from your record unless you stick it for 6yrs. Even though I by no means earn a lot but I’ve worked hard to get a stable job with a reasonable pension it be a shame to throw all that away for my error, which I couldn’t prove was an error other than recent applications a week or two after the Barclaycard one.

[Deleted User]

perplexingpegasus said:

[Deleted User] said:

perplexingpegasus said:

The card which is 1.5% increase in salary has been accepted and so have transfers I have had this now for a few weeks, please note, but I want to put things right. This was not deliberate at all in trying to get a higher credit limit if that would have been the case I would have inflated the salary way more, apologies I am quite an anxious individual 

Not sure that an innocent error of such a low magnitude will have any bearing whatsoever. 

You have no sound reason for your anxiety on this occasion. 

Thanks for your reply, what do you mean I have no sound reason for my anxiety on this occasion? I do not want to get done for fraud, I made a mistake and I am worrying of this, I probably got in my head reading of application fraud etc, this is by no means me upset by your statement I am only stating facts.  

I meant ‘sound’ as in concrete or logical, not sanity! 

perplexingpegasus

[Deleted User] said:

perplexingpegasus said:

[Deleted User] said:

perplexingpegasus said:

The card which is 1.5% increase in salary has been accepted and so have transfers I have had this now for a few weeks, please note, but I want to put things right. This was not deliberate at all in trying to get a higher credit limit if that would have been the case I would have inflated the salary way more, apologies I am quite an anxious individual 

Not sure that an innocent error of such a low magnitude will have any bearing whatsoever. 

You have no sound reason for your anxiety on this occasion. 

Thanks for your reply, what do you mean I have no sound reason for my anxiety on this occasion? I do not want to get done for fraud, I made a mistake and I am worrying of this, I probably got in my head reading of application fraud etc, this is by no means me upset by your statement I am only stating facts.  

I meant ‘sound’ as in concrete or logical, not sanity! 

I do apologise if I came across any type of rude way, thanks for clarifying