Reply
Valued Member
coroc
Posts: 64
Registered: ‎11-01-2012
0

Good question??

I'm wondering if u ALWAYS pay credit card and all other loans but NEVER have a job, can u still be approved for high credit limits/high class cards by lying about your income? But having perfect credit standing

On my way! $FG
Moderator Emeritus
webhopper
Posts: 7,225
Registered: ‎09-16-2011
0

Re: Good question??

I'm a firm believer that lies will always be brought to light; and those who have sworn the lies will face the penalties and consequences. Is it worth it to try? Not in my book.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Good question??

+1   The truth will out.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Contributor
toiletbowl69er
Posts: 106
Registered: ‎11-08-2012
0

Re: Good question??


coroc wrote:

I'm wondering if u ALWAYS pay credit card and all other loans but NEVER have a job, can u still be approved for high credit limits/high class cards by lying about your income? But having perfect credit standing


my friend does this when he applies for his credit cards. he puts down his income that he'll be making once he starts active duty in the military, his parent's income for household, and his hypothetical future wife's income. I always told him it was too risky but it got him a 10,000 CL on a Citi and 6,000 CL on an Amex Blue Cash. I was denied my Amex Blue Sky eventhough we have almost identical credit scores so who knows? maybe it works and you can get away with it. I still would never try it though.

 

Capital One Platinum MasterCard | $2,000 | 05/08
Macy's Store Card | $1,500 | 09/09
Chase Freedom Visa | $3,100 | 11/11
Discover It | $750 | 03/12
American Express BCE | $1,000 | 11/12
Chase SP Visa Signature | $8,000 | 12/12
Contributor
ezef3ar
Posts: 105
Registered: ‎09-15-2012
0

Re: Good question??

American Express its constantly. Making review on customers if they ask him for tax records he's a dead mouse and will eventually be banned from American Express for life or at least a couple years it all depends on he's behavior using the card I don't know about citi bank
Contributor
toiletbowl69er
Posts: 106
Registered: ‎11-08-2012
0

Re: Good question??


ezef3ar wrote:
American Express its constantly. Making review on customers if they ask him for tax records he's a dead mouse and will eventually be banned from American Express for life or at least a couple years it all depends on he's behavior using the card I don't know about citi bank

He only uses the card to pay off his credit score monitor, $5 a month. Basically just "sock drawers" the card and keeps it to establish a relationship with Amex. Do you think they will do a random FR if he keeps spending like this and doesn't request a CLI?

 

Capital One Platinum MasterCard | $2,000 | 05/08
Macy's Store Card | $1,500 | 09/09
Chase Freedom Visa | $3,100 | 11/11
Discover It | $750 | 03/12
American Express BCE | $1,000 | 11/12
Chase SP Visa Signature | $8,000 | 12/12
Contributor
ezef3ar
Posts: 105
Registered: ‎09-15-2012
0

Re: Good question??

It depends you know i don't know if they do random customers interviews but I'm sure they do for credit increases also he should use the card a lil more then just 5 a month maybe 150 to 200 a month and pay in full every bill every month they like to see spending on they're cards.. Especially the one he got :smileyhappy:
Contributor
toiletbowl69er
Posts: 106
Registered: ‎11-08-2012
0

Re: Good question??


ezef3ar wrote:
It depends you know i don't know if they do random customers interviews but I'm sure they do for credit increases also he should use the card a lil more then just 5 a month maybe 150 to 200 a month and pay in full every bill every month they like to see spending on they're cards.. Especially the one he got :smileyhappy:

Yeah he basically has his card set up for the future so he's going to start using them more but for now he literally just started active duty and hasn't received his first paycheck yet. He's been trying to save money since graduation, trying to pay off student loans. It's like a competition between us for Credit Cards and Credit Score, so I was pretty pissed when he got the Blush Cash and I didn't get the Blue Sky. Oh well, going for the CSP now.

 

Capital One Platinum MasterCard | $2,000 | 05/08
Macy's Store Card | $1,500 | 09/09
Chase Freedom Visa | $3,100 | 11/11
Discover It | $750 | 03/12
American Express BCE | $1,000 | 11/12
Chase SP Visa Signature | $8,000 | 12/12
Contributor
toiletbowl69er
Posts: 106
Registered: ‎11-08-2012
0

Re: Good question??

kinda going off topic now sorry OP. Basically my friend did what you're saying and he hasn't faced any consequences so far. So in the end it's your choice, but me personally i wouldn't take the chance.

Capital One Platinum MasterCard | $2,000 | 05/08
Macy's Store Card | $1,500 | 09/09
Chase Freedom Visa | $3,100 | 11/11
Discover It | $750 | 03/12
American Express BCE | $1,000 | 11/12
Chase SP Visa Signature | $8,000 | 12/12
Contributor
ezef3ar
Posts: 105
Registered: ‎09-15-2012
0

Re: Good question??

What are you scores any baddies utilization inquiries. Other credit cards and what limits.. !!!! Lol. You will get it be patience... Post the results of the CSP. And good luck to you i hope you get it

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}