Credit Application Income Misrepresentation
Summary
Misrepresenting income on credit applications, such as using a Section 8 voucher, can be considered fraud if you default. Credit applications require accurate income details. Consult a legal expert in Connecticut to understand potential consequences and ensure compliance with credit application requirements. Contact your card issuer for specific details regarding your situation.Full Conversation
so yes? if i default on card its not legal to have listed sec8 asincome?
Using a Section * voucher as income on a credit application can be considered misleading since it's not actual income. If you default on the card, the misrepresentation of income could potentially be seen as fraud. It's advisable to consult a legal expert for guidance. Would you like help finding legal assistance in Connecticut?
well how long after changing status are my cards valid?
Credit card validity typically depends on the card issuer's policies and the terms of your agreement with them. However, if your financial situation changes or if there's any misrepresentation, the issuer might review your account. It's best to contact your card issuer directly for specific details regarding your situation.