Either one of us doesn't understand the OP's original question or I think somebody's being overly dramatic.
@Dustink.....Fraud is defined by intentional deception. Our credit worthiness in the eyes of creditors is based on our credit reports. Why offer them anything unasked that may hurt yourself. They sure as heck don't accept additional positive information that isn't in there...."I promise I pay all my bills on time even though you dont see that".
@09Lexie.....this whole board is about how to play the "credit game". Do you also think its unethical to lower your revovlving utility just so you can app for new credit and larger credit limits so you can charge more balances, or simply just maximizing your credit profile before apping? The lenders might see this as unethical or luring to trick them into giving you credit.
Should someone applying for credit who knows they just had an account go to collections disclose that information to the creditor during the application process? I'm betting your answer is no.....and I fail to see the difference.
The OP is asking about a hypothetical credit application down the road and whether they should disclose information, that may hurt their chances, assuming it isn't asked for.
Lying is unethical....and fraud. Applyin for credit you know you cant or wont pay back is unethical and fraud. Not disclosing information that isn't asked for is playing the credit game, IMO.....and there's nothing wrong with it.
What's really unethical is for these banks to have accepted hundreds of millions of dollars to keep themselves in business while kicking families out of their homes and not even attempting to work things out with them.
So when these banks are honest and fairand not accepting public funds...go ahead and automatically disclose whatever you want.
