If you’ve got bad credit, the only solution sometimes is getting new credit. However, it’s important to realize that trying to get credit at all costs is not a wise idea either.
If you lie on your credit application and get the loan or credit card, everything might be just fine. However, you’re opening yourself up to challenges of fraud if you suddenly default.
That’s the problem with saying that you make more money than you really do, because you will end up having a hard time convincing the lender in question to give you any type of payment plan. What’s worse is if the lender actually demands proof of employment and income. If you lied on the application, they can terminate the contract and call everything you charged due. Acceleration clauses are often built into contracts these days, so you need to be careful.
From a moral standpoint — do you really want to obtain something under false pretenses? Not at all. You have to make sure that you try to focus on the good part of life — taking things slowly and getting where you need to go in good time.
There’s nothing like knowing that everything you gain is due to honesty. When you have to enter into a web of lies, it can be really hard to actually get your story straight. It just makes your life hard in ways that you would be better off avoiding one way or the other.
Are you ready to push forward and get to where you need to go? Great! If you’re trying to only do unsecured credit cards (the reason why most lie about their income), you might find that switching to secured credit cards is a better option for you.
Yes, you’re going to have to put up a security deposit in order to get the card, but this isn’t the end of the world. It is quite possible to make sure that you still have things taken care of in the long run and who knows — if you take care of the secured card, the company will generally give you an unsecured card with no problem.
When you’re starting our credit life over, you’re going to need to make sure that you actually focus on getting things taken care of the best way that you can. It’s tempting to think that you can rush the process, but these actions only cause problems later on in life.
It’s better to make sure that you can really focus on doing the best job possible when you really get down to it. The more work that you can put into getting things done, the easier it will be in the long run to enjoy the credit you’ve worked so hard for!
Getting busted for fraud and fined is not the way to go — and there are cases where charges of fraud have led to jail time. So don’t let that be you — keep it honest at all times!