I am sort of employed by my own company and therefore can only show an income of around 12k net.
I have an unblemished credit history and was wondering how credit card companies viewed people like me who live within my humble means?
I already have another credit card with a ludicrous limit!
Just invent a figure, say 25k (I did), they have no real means of checking for sure. The clinchers are your credit record, home ownership, bt phone number, married etc.
mrcheerful
Yes - hmm. Perhaps I'm too honest but I'd call that fraud. BTW I don't own my own home. Otherwise all else is well.
Most CC companies don't care. I don't think you would have too much trouble.
For some good information on credit cards, see:
In message , Fred writes
Since you own the company, for the purposes of their rather vague questions could you not include the company profit?
Yes I suppose I could. But that's not the same as income where profits are reinvested.
As credit/mortgage companies are often interested in a person's /gross/ income[0], there's an arguement for treating self-employed/controlling directors of one-man companies the same way.
i.e. Gross income == (company turnover - mandatory expenses[1])
How the rest of the turnover (i.e. gross profit) is spent is up to them.
Has anyone heard of a mortgage company wanting to know what someone's P11D benefit for a company car was? Or how much they put into a pension? What tax relief they claim?
rgds, Alan [0] with the possible exception of mortgages based on 'afffordability' [1] i.e. Accountants fees and bank charges *only*.
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