I understand it may look that
way on a credit application, but we both work a lot of overtime, so our lives are by no means out of control.
If banks take into account social media, they could gather information they aren't legally allowed to ask
for on a credit application — including race, marital status and receipt of public assistance — or worse, redline low - income groups and communities.
If time at address is listed as five years, yet the driver's license was issued six months ago and has a different address, it might not be
accurate on the credit application.
If you file for bankruptcy claiming a high amount of debt in relation to your income, the bankruptcy court could look
back on your credit applications to determine how you came to amass it.
There may have been a time when you considered fudging the numbers a
bit on a credit application just to tilt the decision more in your favor.
Other factors lenders might use include: information you
provided on your credit application, how much you earn, your regular expenses, and how you manage your credit, checking and savings accounts.
This refers to a similar process where you consolidate your student loans into a single monthly payment, but you also receive a new interest rate
based on a credit application.
When you co-sign a loan or are a co-applicant, the lender will usually pull a credit report on everyone
listed on the credit application form and that can result in credit inquiries being posted on your credit report.
A: Don't ever kid yourself that distorting the
truth on a credit application is comparable to telling a little white lie, says Sameh Elrefaei, head of personal lending at BMO.
If you're looking to get into credit cards and earn rewards through different travel products, checking your credit score and doing proper
research on credit applications is important.»
The Equal Credit Opportunity Act makes it unlawful to discriminate against
anyone on a credit application due to race, color, religion, national origin, sex, marital status, age or because all or part of an applicant's income comes from any public assistance program.
They advise against credit repair services that promise to issue a new SSN, advise you to falsify
information on credit applications or require money up front before offering help.
When being considered for credit, a lender may take into account factors such as your age, occupation and whether you are a homeowner (the information you give
them on your credit application).
Tell you to get an Employer Identification Number (EIN) instead of using your Social Security Number (SSN) on credit applications
Based on this information
on the credit application, Mitsubishi Credit extended financing to Matthews to purchase her car.
Unlike a lot of insurance plans, credit insurance can start by a verbal «yes» and does not necessarily require a signature so make sure you pay attention to what you are agreeing to or filling out
on your credit application.