-
Q&A: Is lying about income on a Credit Card application illegal?
Posted on January 27th, 2012 No comments
Question by Dan V: Is lying about income on a Credit Card application illegal?
From what I understand they rattling rarely verify the income you list.Is there anything illegal about exaggerating annual income on a Credit Card application for the purposes of getting approving/getting a higher starting limit?Please don’t give me ethics, I just want to know if it constitutes fraud (could be a typo for all they know) or if there’s anything illegal about my SPECIFIC question.I would like a Yes or No if possible.
Best answer:
Answer by bustersmycat
fraud is a crime. depends on whether one would consider your lie to constitute fraud from a legal standpoint. Besides, credit cards are about the bad form of personal loan you could use. They practice legalized usury. Having a low limit is likely best for you anyway.
What do you think? Answer below! -
Is illegal to lie on a credit card application?
Posted on September 24th, 2011 No comments
Question by Jon Ragland: Is illegal to lie on a credit card application?
Is illegal to lie on a credit card application about your job or career title and how much money you actually make at this phony job? I am planning to file bankruptcy. I am actually unemployed and was when I filed out the card application and then upon receiving and activating it I maxed it out in a matter of 5 months. Can I be prosecuted in criminal court for this? Will my bankruptcy be denied?
Best answer:
Answer by Pat Mehgroin
Yes, it’s illegal. I don’t know what the consequences are, but I know it is illegal.
What do you think? Answer below!
