A super common question about credit card applications is what income should you be putting down when asked. Does overtime count? What about the bonus? What about your side hustle?
How does the credit card company know what my income actually is? Can they check? Do they bother verifying it? How CAN they verify it - are there databases where my income can be checked?
What happens if you lie about your income? Can you improve your chances of being accepted for a credit card if you inflate your salary?
All of these questions get answered in this video - hope you find it useful!
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○ Microphone - https://bit.ly/sasha-mic
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How does the credit card company know what my income actually is? Can they check? Do they bother verifying it? How CAN they verify it - are there databases where my income can be checked?
What happens if you lie about your income? Can you improve your chances of being accepted for a credit card if you inflate your salary?
All of these questions get answered in this video - hope you find it useful!
CAMERA GEAR I USE
○ My camera - https://bit.ly/sasha-camera
○ Main lens - https://bit.ly/sasha-lens
○ Microphone - https://bit.ly/sasha-mic
○ Tripod - https://bit.ly/sasha-tripod
○ Memory card - https://bit.ly/sasha-card
○ Ring light - https://bit.ly/sasha-light
Full list of gear here: https://kit.co/sashayanshin/sasha-video-gear
DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.
In Greece they ask for your tax statement, I guess you can lie on the tax statement but you will pay a lot more tax to get less of a credit limit than the extra tax you paid.
What is the best thing to put for mortgage?
If I change my income in a cc application to the same cc company within a short time will they compare reported income
What if you’re a student and not earning income, what annual income do I put? Also does the monthly expenses need to be shown on bank statement? Because I use cash for expenses
My dad is telling me to put his and my mothers income? Is this something I should? This is my first time applying for a credit card.
can you add the income that does not go into the hmrc payroll system? I work 20 hrs part-time which shows in the payroll and also work more hours but that is not included in the payroll, can I add this to my salary as well?
Some of this information is inaccurate/wrong. Bonus/over time is not accepted and should not be included. For Self employed people it’s very hard to get an electronic verification of income which often means we want tax returns. At least for the company I work for you won’t get declined for wrong income we’ll just ask for proof and re score the application with the right income
does your employer (the name) reflect on the credit bureau?
they ask income, house ownership/rental, do they check your employment? they also asked for name of employer and phone number
On my recent Barclaycard application I was only offered a £200 limit until i provided proof of income. Uploaded and checked within an hour, now i have £8000 credit limit.
Once again another fantastic and informative video. I recently applied for Barclaycard and they had to verify my salary. I had to submit online my bank statements. Fortunately for me, I had the paper statements
Very informative as always nice intro to thanks
Great content. Great haircut too.
If for example you own a buisness and you can only input your projected income should you put a higher projected income or a more conservative projected income even if you think you could achieve the higher income
When i signed up for experian they asked me how much you earn and i put 40k if i was now to apply for a credit card and put 50k will that be a problem ? And i never applied for credit cards before