Q&A: Is lying about income on a Credit Card application illegal?

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!

What is the punishment for lying about age on a credit card application?

Question by Deak: What is the punishment for lying about age on a credit card application?
I’m underage (16) and I got to thinking about people my age who have credit cards (and not with their parents account/consent). They’ve lied about their age on the application. Is there any punishment for this? Does anyone find out? Could a minor really get into trouble for this? Can’t you just pay off the card?

Best answer:

Answer by **()**
I really don’t think they care…as long as one makes the monthly payments.

Add your own answer in the comments!