Credit given to consumers without income checks
June 18, 2008 · Filed Under Finance News · Comments Off
LONDON (Reuters) - Almost five million people have been granted credit cards in the past year without having to prove their income, according to research.
Some 84 percent of successful credit card applicants — 4.8 million people — were not asked to provide any proof of income, such as payslips, to support the figures stated in their applications in the past 12 months, according to a YouGov poll of 4,048 people.