I made a stupid stupid decision and also I'm terrified of them finding out and being prosecuted or my crmodify being damaged.

You are watching: Lying on credit card application reddit

So I have no credit and also determined to begin structure it up by applying for a crmodify card. I used for a few and also got rejected (I assumed because I didn't make enough) so I lied and also said I mad $30,000 a year once in truth I only make $22,000 a year. Everypoint on my application yet my income was truthful. I obtained it and also set off it, yet not it's eating me alive. It was unhonest and exceptionally stupid to make a gamble prefer that. It's brand new and haven't provided it yet. I'm exceptionally stupid for doing this and feel devastating. What have to I do?

It's also a secured card.


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Nothing, don’t problem around it. Try to be more truthful next time. But nothing is going to take place to you


Just don't use it for anypoint outside of your actual budget. Use it for somepoint favor gas only and pay it off every week or 2 weeks so you don't pay interest. Nobody is going to find out you lied on your credit application, nor do t hey care.


Secured cards are based on what you pay into them and also are the only choice for many type of people via bad crmodify or low income. You didn't get one over on them and also likely would have been apconfirmed anyway. Joke could be on you most them don't report


You’re fine. You might simply say you made a mistake, the credit card companies are just as well busy to care. If you sassist $130k would be entirely different point. Just don’t carry out it again!


I don't think anyone's been truthful on a credit card application via earnings. Generally they round it up anymethods. Any significant, consumer friendly card isn't going to provide you a card via a limit over 50%-75% of the existing debt you have actually. Say you have actually $10,000 in debt, unless you have actually an excellent score and you score has been excellent for a few years the many you'll view a card for is $5,000-$7,500, also if you make $5.

Now as soon as you get into much bigger cards they care a little more around earnings, however in a lot of instances never verify beyond a stub, or ask the user to verify the amount.

I don't also know why a secured card would care how a lot you make. You have nothing to worry around. Thought I'd throw some understanding into how that process operated while I was right here :).


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If you use it responsibly, the crmodify card firm won't treatment also if they execute uncover out you lied. You're making them money eexceptionally time you swipe that card.


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