If I write on a credit application what my salary is and that creditor calls the payroll department at my work, is the payroll employee legally allowed to verify the amount that I stated that I made?

Posted 05-27-2014

Ann Kiernan replies:

While I have not seen the credit application you signed, most—if not all—applications include language such as:

My signature below authorizes Creditor to obtain information regarding my employment, savings accounts, and outstanding credit accounts (mortgages, auto loans, personal loans, charge cards, credit unions, etc.).

That would allow the creditor to verify the information you provided, and give the payroll department permission to release that information.

Information here is correct at the time it is posted. Case decisions cited here may be reversed. Please do not rely on this information without consulting an attorney first.