Do credit card companies check your original application?
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Posted by Anon
(24.13.248.116) on August 23, 2004 at 10:57:20:
I have unmanageable credit card debt and am thinking of filing for bankruptcy. I'm not sure about this, but I may have exaggerated my income on some of my original credit card applications when I opened the accounts. Some were opened two years ago, others many years ago. If I did this, could a bankruptcy judge rule that my debt is not dischargeable? Does one have to file copies of one's tax returns as part of a bankruptcy proceeding? If so, how many years worth? What is the likelihood that a credit card company would notice a discrepancy between the income reported on the tax returns and the income listed on the original credit application? What percentage of the time do credit card companies examine the debtors original application if the debtor files for bankruptcy? What percentage of the time do they actually investigate to see if the original reported income was exaggerated? How concerned should I be about this? What should I do? If the credit card company turns the debt over to a collection agency, does the collection agency get the original credit application? What is the likelihood that a collection agency would investigate or notice something in this regard?
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