what happens when you lie on a credit app.?

Question

ok so what would happen if i lied about my age on a credit app.

Answer 1

You can go to jail or get sued.

Answer 2

That is a bad thing to lie about, especially if they will run a credit check. Credit checks are made based on your name, social security number and date of birth.

So the credit report will either come back as no record, meaning no credit or you could be a fraud, or...

The credit report will come back with the correct birth date, making your lie very obvious and making the people ask what else you were wrong (dishonest) about.

It is against Federal law to discriminate against age, so you shouldn't worry about that.

The one thing where it could be a real problem, is if you lie because you are under age. If you get a loan or merchandise based on signing a contract you cannot, that is fraud.

So you may want to, but it is silly to.

Answer 3

First of all, this would be fraud and it's a crime.

Now my turn for a question. What do you think the lender will do when they pull your credit bureau report and calculate your age from the birthdate and it doesn't match?

Answer 4

Your credit is connected to your social security number. They will find out the truth.

Answer 5

Usually the credit bureaus will find out and your application will be thrown away

Answer 6

the two solutions are nicely suited. No, they gained't comprehend the adaptation, and particular, this is considered criminal fraud to lie. My suggestion is that in case you already became it in only enable it pass and picture approximately it a "mistake" made on the applying interior the impossible journey that it comes up interior the destiny. only be straight forward any further.