08-02-2008 02:19 PM - edited 08-02-2008 02:19 PM
08-02-2008 02:25 PM
08-02-2008 02:30 PM
When i applied for a Hooters card they did this i asked them why i was told there is allot of identity theft going on in your area.
are they finally doing , for the longest while to open a deposit account online they ask you questions based on your credit report , but not for credit cards ? doesn't make sense
08-02-2008 02:57 PM - edited 08-02-2008 03:00 PM
08-02-2008 03:45 PM
Wal-Mart an Sam's did me the same way. I applied for Sam's in the store an had to verify over the phone with the customer service rep.
jmbfl wrote:I think Hooters explaination is bogus! I live in South Florida - the single worst place in the entire U.S. for identity theft and have recently applied for cards from BofA (pre-app), PedFed and Discover (pre-app) and not one of them asked me for any proof of anything I put on my application, including identity, address, income or anything else. There is another explaination and I have no idea what it is. Could be age, length of residence, length of employment, quality of credit report or something else. Only put it on you app if it is true> If it is true there should not be any problem substantiating it.It just occurs to me that another reason may be... APPY SPREE!Banks are required to positively verify your identity under the Patriot Act when you open a deposit account.
Message Edited by jmbfl on 08-02-2008 03:00 PM
08-02-2008 03:56 PM
O no i don't have a problem with it but it makes me think they only do that with people with low scores.
jmbfl wrote:I have no problem with that whatsoever. It is for your protection!
08-02-2008 10:12 PM
08-03-2008 01:11 AM
08-03-2008 08:01 AM - edited 08-03-2008 08:01 AM
I have been asked the last 3 times I applied for CC(instant approval). With my Sams card I had to go to the store and show my ID. They ask a few questions based on your CR and a few other personal questions. I think it's a good idea if that will keep someone from stealing my identity.I understand it just slows down the application process.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.