I haven't apped for a few years and only recently read some of my offers in the mail. It seems that the banks no longer ask where the applicant works or what he does for a living. The form asks the applicant to just declare how much income from all sources he has. It sounds a lot like the "stated income" option on the old mortgage apps. 
Banks never did seem to check the employer status anyway. On the other hand banks seem to now be willing to provide even more "easy money" based on "stated income". The higher CC interest rate that banks can now charge seems to be worth the risk of a higher default rate.
Have others received apps in the mail that only requested, stated income, from all sources? I wonder what's going on. It seems the new laws required minors to prove their incomes when apping for credit. I guess the banks don't really care if all others have jobs when they apply for credit. It seems like a new net is being set out to trap the unwary.
Another side note:
I hadn't asked for CLIs since before the credit bubble burst. Having had no adverse action through the whole credit tightening crunch, I did not want to rock the boat by having any contact with the banks CSRs. I stayed far away from the "Luv buttons" not wanting to risk CLDs.
After reading the numerous recent posts about auto CLIs freely given by GEMB, I took the plunge. A few years ago I was capped at $4,000 for my Sam's Club CC. I had been told that I was unlikely to ever get my limit raised as I had about the maximum CL allowed for the store charge card. I was told that I would have to obtain a Sam's Discover credit card in order to obtain higher limits.
I hit the Luv button (very lightly & aprehensively 
) and was asked my income. I answered that one single question and was immediately raised to a $9,000 credit limit.
@namvet wrote:Some lending institutions still ask for employer name/phone numbers. Some applications get requests for paycheck stubs/w-2s etc. Also keep in mind that info about you employment/income is available to lenders via the world wide web (and other means). No one can get you into trouble (debt) but yourself.
I didn't say that all of the apps are changing. I am aware that w2s and pay stubs are still required especially by credit unions. I was simply pointing out that the apps that I was receiving in the mail didn't require employer info.
"Employment/income is available to lenders via the world wide web..." Good point !
As far as me getting into trouble (debt) myself, what makes you say that? I personally don't carry debt unless it is used for arbitrage or leverage. I never borrow money unless I am profiting financially by the transaction. I never borrow unless I already have the money to pay for the obligation in full.
I don't see what in my post even remotely suggests that I was trying to blame others for going into debt myself. I am not even trying to excuse others who might go into debt through mismanagement of their own resources.
I do have compassion for those who might not have your wisdom, sophistication, and self discipline, concerning financial matters. On these boards we are trying to help one and other. That is why I brought up the topic in the first place.
I also disagree with the wider implication of your blanket statement that getting into trouble (debt) is always caused by the person in trouble. Many people suffer for years paying back debt acquired through no fault of their own. I would never tell a mother who went into debt because of a child's medical emergency that she caused the trouble that she was in.
@tntexans72 wrote:Congrats...very nice CLI.
How long have you had the card? and your util % at the time of the CLI?
I have had the card for nine years.
My overall utility at the time of CLI was less than 1%.
My credit report had a reported Sam's club credit card balance of $0.
The (unreported to bureaus) Sam's club balance
at the time of CLI was less than $50.
Tis definitely the season to test GEMB's Luv button. 