<prompt> Human: I have heard creditors can readjust the terms of the credit card if they found out you lied which they would only have incentive to do if you owed money on the card. But, I dont know if this is true, and I dont know how often it happens if it is.  <response>: Seems youre looking at a maximum penalty of 30 years and 1M fine for this type of fraud, see: 