Synchrony asking friend for 4506t

[Anonymous]

She said it's not worth her time and she doesn't care about the accounts.  I had her to call and close them at her request so it looks better on the credit report.  They are all closed and it's done.

[Anonymous]

4506-T with only 22k exposure? That's almost unheard of. Most of the time a 4506-T topic pops up with Synchrony, it involves 80k of exposure or more. I have noticed that the incomes levels reported by those people are always 6 figure so maybe that has something to do with it? At any rate, I'm cutting my exposure to Synchrony. I'm at 27k now and will shave another 12k soon. 

[Anonymous]

Agreed I thought that was pretty strange for sure.  I've seen her reports they are clean and she doesn't carry balances on anything.  She charges a lot, so her utilization is often high, but always pays in full.  The two new syncb cards she never even used.

[Anonymous]

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@Anonymous wrote:

Agreed I thought that was pretty strange for sure.  I've seen her reports they are clean and she doesn't carry balances on anything.  She charges a lot, so her utilization is often high, but always pays in full.  The two new syncb cards she never even used.

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It may very well be that the consistently high utilization has caused a flag in the system.

[delaney1]

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@Anonymous wrote:

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@Anonymous wrote:

Agreed I thought that was pretty strange for sure.  I've seen her reports they are clean and she doesn't carry balances on anything.  She charges a lot, so her utilization is often high, but always pays in full.  The two new syncb cards she never even used.

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It may very well be that the consistently high utilization has caused a flag in the system.

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Especially if reported income was very low.

[Creditplz]

This is the second time in 2 months that they ask me for 4506-T I sent it in and they received it.. Told me 7-10 days to process.. Have her call (800)420-5598. It's their 4506-T verification number. Income was 186,400 and I always list 186k so I assume I'm safe again !

[Anonymous]

I closed my Walmart and Newegg.  Too much shady crap going on over there lately.  I love my Amazon and I can't part with it. 10k zero percent financing on my favorite store is too good.

[MJ-san]

I'm starting to wonder if issuers like Comenity and Sync aren't doing TheWorkNumber or other income verification pulls ... comparing to info on file ... and if there's a big discrepancy, flagging accounts for more intensive review (i.e. 4506T). Barclay last year changed their card agreements to explicitly state they would collect employment and income information from 3rd parties. 

[kdm31091]

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@MJ-san wrote:

I'm starting to wonder if issuers like Comenity and Sync aren't doing TheWorkNumber or other income verification pulls ... comparing to info on file ... and if there's a big discrepancy, flagging accounts for more intensive review (i.e. 4506T). Barclay last year changed their card agreements to explicitly state they would collect employment and income information from 3rd parties. 

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Well as long as you are being honest on your applications, there's no reason to worry about it.

[Creditplz]

^ +1