<p>So I’m making the move from a high school checkings account to a college checkings account independent of my parents’ bank, and the banker at a branch yesterday talked me into applying for a ‘college credit card’ through the bank, for which I was denied because I had yet to put money in the bank and was new to the chain (the former was the reason I was given yesterday, the latter was the reason I was given today at another branch when I explained the situation).</p>
<p>Foolishly, I signed the application without seeing it, signing when prompted (signing first to set up the checking/savings accounts). When I was given a copy of the application that she had filled out on the computer (after all was said and done), the banker had put down an annual income that was, IMO, quite high (14,400) without asking me once what my income was. I didn’t even know that it was a question until I was looking over the paperwork when I got home.</p>
<p>I’m planning on applying again in a couple of months, once I find a steady on-campus w-s job in the fall. Is the answer to that question going to hurt me/should I go back and speak with the branch manager?</p>
<p>“When I was given a copy of the application that she had filled out on the computer (after all was said and done), the banker had put down an annual income that was, IMO, quite high (14,400) without asking me once what my income was. I didn’t even know that it was a question until I was looking over the paperwork when I got home.”</p>
<p>I would suggest that you pay a visit to the branch manager, not the person who put this information in, and gently ask to discuss the action of the person who tried to sign you up for the card. This practice of falsification of income is something that should not be permitted. My guess is that the agents get commissions for each card applied for, but not for each card that actually is finalized (just like at Sears and Kohls) and have begun to fall into bad ways. The branch manager needs to know that this kind of falsification of data is occuring so that he/she can tell people higher up to cut out the sales pressure on the agents in the front lines.</p>
<p>Frankly, this kind of thing would cause me to cut off relations with the bank in question.</p>
<p>The bank in question is Wells Fargo-- and I would totally cut ties with them (have thought about it more than once), but unfortunately, it is the closest chain with a bank on my college campus next year (and it is by far the most convenient, especially because I’ll be needing to cash checks in on a semi-regular basis). I’m also not a happy camper because the banker in question intentionally misled (and outright lied to me) in one instance about the daily account minimum required in order to waive service fees. I’ll be speaking with the branch manager on Monday. I went into another branch, and they were far more helpful, so maybe the branch I chose the first go 'round was just a fluke?</p>
<p>Use it only for emergencies only, and needing a Starbucks isn’t an emergency! Stick with the debit card. Do not graduate with credit card debt hanging around your neck. GL</p>
<p>Thanks. I plan on using the credit card as a debit card, basically. My parents have been good in that regard-- we don’t have any credit card debt at all, and for the longest time, I didn’t know that it was common for people to not pay off their credit card statement at the end of the month (and I don’t plan on ever doing it).</p>
<p>So… you inadvertently applied for a credit card with falsified income and were denied and you currently have a college checking account and no credit card?</p>
<p>No, I want the credit card and my parents agree; that part wasn’t inadverdent, though I apologize if it came across that way. The falsified income part is unfortunately correct, and that’s going to be fun to deal with, unfortunately, and is completely my fault for walking out of the branch or not asking for a copy of the application before I signed electronically.</p>
<p>I have a college checkings account and a college savings account at current, both with a nominal amount needed to open. I also have a high school checking account linked to my parents’ accounts, which I’m keeping open for a month longer because I’m waiting for the last direct deposit from my spring job to come through.</p>
My bad, I should have worded it as “you applied for a credit card without noticing your income was falsified”</p>
<p>But as I understand, your application was rejected so you don’t have a credit card right now but you want one. If you want to apply again, wouldn’t you have the chance to do everything correctly?</p>
<p>-nod- What I’m worried about is if these applications are kept on file if a red flag will come up when I accurately report my income the next time when I apply. I’m new at this, and I’m worried that that…may cause a problem? I’m not sure.</p>