topic Re: Got the Amex FR Call :( in Credit Cards

Got the Amex FR Call :(

trant3 — Tue, 26 Apr 2016 19:49:47 GMT

Got the FR call today asked about income and etc and requested the 4506t form to be submitted with two prior years tax return. I have 3 accounts with Amex and recently opened the BCE 20 days ago. Not sure what triggered FR but I suspect my accounts will be closed. To be open and honest with the community, I did fluff my income when aping for the BCE and deserve the account closure of if it happens. Learn from me, disclose accurate info!

I'm going to be heart broken if my accounts close though, I've been with them since 2010

Re: Got the Amex FR Call :(

UncleB — Tue, 26 Apr 2016 19:54:50 GMT

@trant3 wrote:
Got the FR call today asked about income and etc and requested the 4506t form to be submitted with two prior years tax return. I have 3 accounts with Amex and recently opened the BCE 20 days ago. Not sure what triggered FR but I suspect my accounts will be closed. To be open and honest with the community, I did fluff my income when aping for the BCE and deserve the account closure of if it happens. Learn from me, disclose accurate info!

I'm going to be heart broken if my accounts close though, I've been with them since 2010

Thanks for telling us about your experience, and for your honesty with us as well.

If you don't mind sharing, how large are your three credit lines, and by how much did you 'fluff' your numbers? If the 'fluff' wasn't too egregious you might still be OK, possibly with just smaller credit lines.

My fingers are crossed for you!

Re: Got the Amex FR Call :(

Anonymous — Tue, 26 Apr 2016 19:54:53 GMT

@trant3 wrote:
Got the FR call today asked about income and etc and requested the 4506t form to be submitted with two prior years tax return. I have 3 accounts with Amex and recently opened the BCE 20 days ago. Not sure what triggered FR but I suspect my accounts will be closed. To be open and honest with the community, I did fluff my income when aping for the BCE and deserve the account closure of if it happens. Learn from me, disclose accurate info!

I'm going to be heart broken if my accounts close though, I've been with them since 2010

Not necessarily. If it was a minor "fluff" you might be okay, or just see some credit line reductions.

Re: Got the Amex FR Call :(

thummel — Tue, 26 Apr 2016 19:54:56 GMT

Sorry to hear that. hope for the best outcome for you. Anything you can think of that might have triggered it?

Re: Got the Amex FR Call :(

Anonymous — Tue, 26 Apr 2016 19:56:42 GMT

I need to learn to type faster. And UncleB has a brilliant mind.

Re: Got the Amex FR Call :(

UncleB — Tue, 26 Apr 2016 20:00:50 GMT

@Anonymous wrote:
I need to learn to type faster. And UncleB has a brilliant mind.

Great minds think alike, my friend!

Re: Got the Amex FR Call :(

Anonymous — Tue, 26 Apr 2016 20:07:06 GMT

I've "fluffed" before also. How much was your fluff? I wonder how much fluff equals "Fluff you! Goodbye" In all seriousness though, you've had those accounts for 6 years. I'm sure if you have a good payment history, don't carry or max out huge balances which I'm sure you don't because you just opened a new card, then maybe it'll be ok. You could always just say you thought you made more, or you were guesstimating, or your spouse made more, excetera.

Re: Got the Amex FR Call :(

B335is — Tue, 26 Apr 2016 20:08:26 GMT

Wow sorry to hear, but thank you for your honesty and willingness to share your experience with MF. I'm also interested in how much you fluffed your income.

Re: Got the Amex FR Call :(

Anonymous — Tue, 26 Apr 2016 20:11:56 GMT

Sorry to hear about the FR. But this is a hard lesson learn since you already know what is going to happen and your admission of fibbing a bit on the application. There was a big recent thread about this.

Hope others learn from it also.

Re: Got the Amex FR Call :(

Septrosh — Tue, 26 Apr 2016 20:13:06 GMT

I think you'll be OK so long as your "fluff" isn't some crazy amount.

Best of luck with your outcome.

Re: Got the Amex FR Call :(

Anonymous — Tue, 26 Apr 2016 20:25:16 GMT

@Y-I-M

+100

Re: Got the Amex FR Call :(

sr383 — Tue, 26 Apr 2016 20:35:50 GMT

@trant3 wrote:
I did fluff my income when aping for the BCE and deserve the account closure of if it happens. Learn from me, disclose accurate info!

Just say that part of the figure you quoted was based on projected income from mowing lawns. ... But your mower broke, so you're left with nothing but salary. Apologize for any misunderstanding and reiterate that you need the accounts open so that you can finance a new mower. ...

Re: Got the Amex FR Call :(

Anonymous — Tue, 26 Apr 2016 20:38:43 GMT

@sr383 wrote:
@trant3 wrote:
I did fluff my income when aping for the BCE and deserve the account closure of if it happens. Learn from me, disclose accurate info!
Just say that part of the figure you quoted was based on projected income from mowing lawns. ... But your mower broke, so you're left with nothing but salary. Apologize for any misunderstanding and reiterate that you need the accounts open so that you can finance a new mower. ...

Encouraging OP to lie further is not something we encourage here. Amex wants to see proof. So if he lied the first time, I wouldn't encourage him to lie again.

Re: Got the Amex FR Call :(

sr383 — Tue, 26 Apr 2016 20:40:46 GMT

I was trying to encourage the OP to smile. I thought my suggestion was too preposterous to be taken seriously. ...

Re: Got the Amex FR Call :(

Anonymous — Tue, 26 Apr 2016 20:42:32 GMT

@sr383 wrote:
I was trying to encourage the OP to smile. I thought my suggestion was too preposterous to be taken seriously. ...

Got it.. But I didn't read it that way as sarcasm doesn't come across well on the internet.

Re: Got the Amex FR Call :(

taxi818 — Tue, 26 Apr 2016 20:47:02 GMT

I would say the last card is the one that did the trick. sorry op. If you have a spouse or significant other you can use their income as well so all is not lost. No one ever said it only had to be your income but all income you have access to. But hey. They want tax returns not pay stubs. You can tell them to go fly a kite and get ready for the closure. Or do a pre emptive strike and close them your selfs even if you have a balance. your payment terms will still be the same. But it will say closed my consumer instead of closed by lender. If you don't plan on complying simply close them right now and don't wait the 2 weeks.

Re: Got the Amex FR Call :(

Loquat — Tue, 26 Apr 2016 21:29:35 GMT

Best of luck to you!

Re: Got the Amex FR Call :(

trant3 — Tue, 26 Apr 2016 22:45:30 GMT

Submitted the 4056t form this evening along with the tax docs, I'm just going to cross my fingers and hope Amex will have mercy. I fluffed the income by +$20k and I'm really shameful of it. The credit greed got the best of me and here are the consequences. I thought I've learned hard credit lessons after my credit downfall years ago, but here's another one.

Thanks everyone for listening and encouragement, I'll post outcome in a few days.

Re: Got the Amex FR Call :(

Anonymous — Tue, 26 Apr 2016 22:49:57 GMT

@trant3 wrote:
Submitted the 4056t form this evening along with the tax docs, I'm just going to cross my fingers and hope Amex will have mercy. I fluffed the income by +$20k and I'm really shameful of it. The credit greed got the best of me and here are the consequences. I thought I've learned hard credit lessons after my credit downfall years ago, but here's another one.

Thanks everyone for listening and encouragement, I'll post outcome in a few days.

Seems you learned your lesson. Best of luck in keeping those cards open! Even if it is just the oldest one they can spare. Would suck for a full shut down.

Re: Got the Amex FR Call :(

Anonymous — Tue, 26 Apr 2016 22:50:16 GMT

@trant3 wrote:
Submitted the 4056t form this evening along with the tax docs, I'm just going to cross my fingers and hope Amex will have mercy. I fluffed the income by +$20k and I'm really shameful of it. The credit greed got the best of me and here are the consequences. I thought I've learned hard credit lessons after my credit downfall years ago, but here's another one.

Thanks everyone for listening and encouragement, I'll post outcome in a few days.

Definately do update... I know admitting the truth is hard but you are a good person to disclose openly you did it - fluff.. And I respect you for it. I hope they have mercy on you... Keep us posted.