How many of you have exaggerated income on an app?

[Anonymous]

Household income can still be honest income. if I make 35k its my discretion to include more from the girlfriend that is used for mortgage and bills as well. I usually don't. there are plenty of members on here who take 20k and have a credit card with a limit over 15,000.I see a problem with having 10 cards like that because they may have fudged it. My limits are lower because my score is lower I have a few badies still. In my personal case lying about my income won't give me a higher credit limit. I have to grow my limitsold fashioned way. next card I apply for after my inquiries are gone should reward me

[Anonymous]

Exaggerated income and unverifiable income are 2 different things. 

Some people make $35,000 a year and list $55,000 on a app. But many people have under the table, gift, and side job incomes that while not verifiable on tax returns,  still is income that people use to live on and pay bills.And many people with businesses take a lot of write offs and pay bills through the business so they must approximate a gross income to get any credit at all.

All that matters is paying back what is borrowed in a timely fashion and keeping utilization in check.

The banks are the biggest manipulaters and fraudsters around. They worry about losing money on bad loans, but the vast majority of the big banks engage in risky and deceptive behavior themselves. I have no sympathy for them as they write off all their losses and have outrageous profits even after paying large fines for committing fraud.

So to the income fudgers, just make your payments on time and keep your credit clean. No worries.

[Existentialist]

---

@Anonymous wrote:

Exaggerated income and unverifiable income are 2 different things. 

Some people make $35,000 a year and list $55,000 on a app. But many people have under the table, gift, and side job incomes that while not verifiable on tax returns,  still is income that people use to live on and pay bills.And many people with businesses take a lot of write offs and pay bills through the business so they must approximate a gross income to get any credit at all.

All that matters is paying back what is borrowed in a timely fashion and keeping utilization in check.

The banks are the biggest manipulaters and fraudsters around. They worry about losing money on bad loans, but the vast majority of the big banks engage in risky and deceptive behavior themselves. I have no sympathy for them as they write off all their losses and have outrageous profits even after paying large fines for committing fraud.

So to the income fudgers, just make your payments on time and keep your credit clean. No worries.

---

^^^ Excellent response bcuz the area is not as black/white as some perhaps would like to believe. Besides who's to judge. I say let your conscience be your guide. I dont know who or how many and frankly.... dont care to know. None of my bizness. And as long as you're handling yours..... hey what I dont know.....

Esp. since we as consumers are forced to unyielding discretionary behavior by the very entities who were responsible for nearly bankrupting the entire economy in a sick twist of do as I say not as I do. Way more important things to concern oneself with IMO.

[Anonymous]

The ones who care would be the irs. But the gov needs these crooked banks to operate in the black. Parasites beget parasites.

[Anonymous]

I have been under reporting the household income on my credit applications. I didn't realize that I should use all income that I have access to for paying bills until a credit analyst at BOA told me too. She also told me to include "liquid" savings. My goal is to achieve 20K CLs on all of my bank cards and 5K or higher on store cards. Some will be easier than others, but I will eventually get there. Thanks for posting your comment!

[Anonymous]

---

@Anonymous wrote:

Exaggerated income and unverifiable income are 2 different things. 

Some people make $35,000 a year and list $55,000 on a app. But many people have under the table, gift, and side job incomes that while not verifiable on tax returns,  still is income that people use to live on and pay bills.And many people with businesses take a lot of write offs and pay bills through the business so they must approximate a gross income to get any credit at all.

All that matters is paying back what is borrowed in a timely fashion and keeping utilization in check.

The banks are the biggest manipulaters and fraudsters around. They worry about losing money on bad loans, but the vast majority of the big banks engage in risky and deceptive behavior themselves. I have no sympathy for them as they write off all their losses and have outrageous profits even after paying large fines for committing fraud.

So to the income fudgers, just make your payments on time and keep your credit clean. No worries.

---

Well said!

[Anonymous]

---

@Existentialist wrote:

---

@Anonymous wrote:

Exaggerated income and unverifiable income are 2 different things. 

Some people make $35,000 a year and list $55,000 on a app. But many people have under the table, gift, and side job incomes that while not verifiable on tax returns,  still is income that people use to live on and pay bills.And many people with businesses take a lot of write offs and pay bills through the business so they must approximate a gross income to get any credit at all.

All that matters is paying back what is borrowed in a timely fashion and keeping utilization in check.

The banks are the biggest manipulaters and fraudsters around. They worry about losing money on bad loans, but the vast majority of the big banks engage in risky and deceptive behavior themselves. I have no sympathy for them as they write off all their losses and have outrageous profits even after paying large fines for committing fraud.

So to the income fudgers, just make your payments on time and keep your credit clean. No worries.

---

^^^ Excellent response bcuz the area is not as black/white as some perhaps would like to believe. Besides who's to judge. I say let your conscience be your guide. I dont know who or how many and frankly.... dont care to know. None of my bizness. And as long as you're handling yours..... hey what I dont know.....

Esp. since we as consumers are forced to unyielding discretionary behavior by the very entities who were responsible for nearly bankrupting the entire economy in a sick twist of do as I say not as I do. Way more important things to concern oneself with IMO.

---

Well said!

[JSS3]

I round up to make it easier. A cool 40,000 instead of 38,684.34

I think people who lie are unable to file bankruptcy?

[redpat]

---

@JSS3 wrote:
I round up to make it easier. A cool 40,000 instead of 38,684.34

I think people who lie are unable to file bankruptcy?

---

Umm, that would be called fraud and how's three hots and a cot sound(jail).

Rounding would be a cool 39K in your case, LOL!

[Anonymous]

I have never been required to provide POI from any of the lenders, including several CUs for CCs, PLOCs or auto loans. However, I feel certain my income is completely consistent with my profession over the past 25+ years. I don't report any additional household income cuz that is none of their business & don't want the hassle of organizing the documentation!

I don't believe this has appreciably diminished my CLs, I'm perfectly content with my current profile.

The only way I'd charge $10K+ is if I was going to PIF within a few days!