Credit Crunch Credit Card Declines?

clio

Y/B
But would you say an application made 2 months ago at low salary and then new application made this week at your
new salary be a nomal change of information that the soopa computers of the CRA's can be satisfied with as an acceptable change !!

Oh and BTW whats this mean->>>> it's better to have some 'headroom..

E/C
Well I,m only on 15 million a year [oops thousand hee hee] and my highest limit is my GEMoney[ASDA] CC £3500

PROLIANT

Just a quick mention about Credit Applications, as you know when you apply for credit most places ask for your Gross annual income, and they don’t check your payslips either, but don’t be tempted to stick a couple of grand a year extra on your gross pay because they compare your applications with the HUNTER Database, if their a serious discrepancies they will knock you back and record it on their system for future application attempts.

clio

MR P:
I would only put correct wages if i was given a rise. thats probably why i asked coz i was wondering how rises are dealt with on applications, i,m due one i can coco. know my luck i,ll get 50p a hour lol... "anyways good result yesterday eh" ?

PROLIANT

clio wrote: »

MR P:
I would only put correct wages if i was given a rise. thats probably why i asked coz i was wondering how rises are dealt with on applications, i,m due one i can coco. know my luck i,ll get 50p a hour lol... "anyways good result yesterday eh" ?

Aye not bad, I got my pay rise, a stupid £15.40 per week.

clio

60 smacka roos in the jacksy is better than nowt matey. Mines a guiness lol.

NickX

clio wrote: »

Nick or anyone
Surely if you have allready stated on previous applications your income, wont it flag up that your income from previous apps is different from this higher figure etc etc!!!!

Hi Clio,

You are right in that they will keep an eye on what you put as Salary, and I suspect if it jumped from £20k one year to £120k the next year, then alarm bells may ring and they would probably ask for evidence of the higher salary.

However, salaries will fluctuate all the time with people getting promoted, changing jobs, changing hours, doing overtime. Then there are people like EmptyCouch with bonuses which vary, and myself being self employed whose income will never be exactly the same from one year to another.

I think they will just look for some consistency, and provided there is nothing that stands out all should be ok.

As I said, I've never had to prove my income to a Credit Card company, and if I did all I could do is send them copies of previous years accounts to justify what I am likely to earn in the current year.

I'm not advocating lying, but I would put down the highest salary that I know I could justify should they decide to question me about it.

clio

I,ll see ya in the butchers on Shields road you'll recognise me by my bright yellow and orange shell suit and my 3 legged whippet lol..;)

clio

MR P
Who,s Hunter and why do you mention Bank do you mean as in applying for Current Account..

PS: wasn't Hunter one of the Gladiators from ages ago like ?

Tori_Bellatrix

Info about Hunter .. http://www.experiangroup.com/corporate/news/releases/2004/2004-05-20/

EmptyCouch

PROLIANT wrote: »

Just a quick mention about Credit Applications, as you know when you apply for credit most places ask for your Gross annual income, and they don’t check your payslips either, but don’t be tempted to stick a couple of grand a year extra on your gross pay because they compare your applications with the HUNTER Database, if their a serious discrepancies they will knock you back and record it on their system for future application attempts.

Cheers, thats kinda what I thought. As mentioned in an earlier post, salary and income should perhaps be defined. I could earn a salary of X but have additional income that would like to be counted as well, for instance if I'm letting a property or something or run a website etc.

I'm not trying to pull a fast one, just don't want to get caught out on a technicality!;)