help, help,apply problem

goalduty

The case is like this:

When I first come to UK last Sep., I applied a bank account. During the application process, they asked me to answer the "address time" question. Someone told me that I needed to fill in the time more than three years which would look better. Then I followed and filled in three years. I know it is not good and until now I get my Experian credit report and found the address time on the report is 3 years 6 months! I really do NOT intend to do it any longer and tired of the game. But now every time I try to apply for credit card and all declined. Is it because the problem of the address time? Will the lenders see you say you have been living there for 3.5 years but no record until Sep. 2007? Will they consider it is a fraud?

Many thanks.

dhassen

I'm not sure if they'll consider it as fraud, but it is a lie, and you should be really careful about being honest when applying for anything. Strictly speaking though, it is fraud. You are knowingly misleading / giving misinformation. I'm not sure how you can sort this out though, You are probably best not applying for credit until you have lived here for over 3 years? Also, making lots of applications looks bad for prospective lenders, they'll be put off.

Hope this helps

foxwales

Falsifying information to obtain credit is fraud.

Stop applying for credit and allow your credit history to build itself naturally.

nickmack

goalduty wrote: »

Will they consider it is a fraud?

Yes, it's quite likely, as you have provided knowingly false information.

You may also have a CIFAS marker on your credit record which would make obtaining credit very difficult.

bandraoi

the problem here isn't the 3.5 yrs showing on your account, it's the lack of other available information.

Three and a half years pretend residence at one address will get you a bank account, it won't get you credit cards.

I wouldn't worry too much about the number of years showing up and it being technically fraud. The banks don't give you much choice when you're apply for their accounts as it's not possible to fill in addresses outside the UK due to their rigid computer systems.

You won't get credit cards though, simply because you don't have a credit history going back far enough. That needs something more comprehensive than one address that you claim to live in for three years. You will probably be able to get the crappier credit cards by about this September, until then I wouldn't bother trying.

sofa_surfer

http://www.nhunter.co.uk/

Mouth_of_Sauron

The original request has to be a joke, doesn't it?

If they got the credit they'd say :

"they gave me credit card on bad information - I thought it was a gift so I spent it and legged it home - silly trusting banks who will get their money back from others who stick around to pay...fools"

and if they don't it will be "huh? what me ? I never knew what I was signing?"

Worth reporting this ourselves if we could.

goalduty

Mouth_of_Sauron wrote: »

The original request has to be a joke, doesn't it?

If they got the credit they'd say :

"they gave me credit card on bad information - I thought it was a gift so I spent it and legged it home - silly trusting banks who will get their money back from others who stick around to pay...fools"

and if they don't it will be "huh? what me ? I never knew what I was signing?"

Worth reporting this ourselves if we could.

I am serious. Your joke is funny, but actually I don't need to do the thing you mentioned above. I am invited by a leading university in UK and I pay the highest income tax rate currently. Could you please tell me what can I do now? Should I write to the credit agency to tell them the truth? How can I explain the reason, just simply tell them I was told to do so?

Thanks again for all advice.

CannyJock

goalduty wrote: »

The case is like this:

When I first come to UK last Sep., I applied a bank account. During the application process, they asked me to answer the "address time" question. Someone told me that I needed to fill in the time more than three years which would look better. Then I followed and filled in three years. I know it is not good and until now I get my Experian credit report and found the address time on the report is 3 years 6 months! I really do NOT intend to do it any longer and tired of the game. But now every time I try to apply for credit card and all declined. Is it because the problem of the address time? Will the lenders see you say you have been living there for 3.5 years but no record until Sep. 2007? Will they consider it is a fraud?

Many thanks.

What's done is done and what's recorded is recorded. Not heard many stories about people having things rectified on their credit reports for date "innacuracies".

And if it really comes to it, not that I'm advocating it, you could always plead ignorant that you thought the question was "how long are you intending to stay".

Anyway. The more relevant point from a credit scoring point of view is that you've not been on the electoral register for any period of time regardless of what you inadvertently put on the application form. Unless someone from within the industry can confirm otherwise, I don't think your previous mistake is the cause for no credit. I think you're not getting credit because you have no credit history.

Each application you make now whether accepted or not is recorded and too many applications in a short period of time (as I know from personal stoozing experience) counts against you.

I wouldn't make too much of a fuss over things. Take a serious look at whether you actually need credit or not, and if you can survive on your high paid salary for a period of time then just work on that. Ask your bank who can see your salary going through to give you a debit card so you can pay for things easily and leave it for 6 months to let your "credit" history build up.