@coldfusion wrote:
@elixerin wrote:
@coldfusion wrote:The issuers through a variety of means are often able to either themselves or through a 3rd party service to either confirm or approximate with a high degree of confidence ones income. If they aren't able to do that it's common to request proof of income either through recent pay statements or, as AMEX typically does, request to review your last 1-2 years federal tax returns via an IRS 4506-C request.
Unless there is reason to believe that they will be able to determine your income in 6-12 months using the same techniques that currently fail them there is no reason to believe that you wouldn't be asked to provide income again. Putting in a lower figure for your income wouldn't be a reliable workaround.
@coldfusion this is actually pretty interesting, mind elaborating on this? what means are actually out there other than tax forms and bank statements that cardmembers have to provide should they have to, but there are many members out there who have never dealt with providing such and built relationship up until asking beyond a certain CL for increases maybe... same with other banks. also mentioned is that this is the typical means as oppose to the request of members providing of tax or bank statements, how? or really more importantly what? lol
There are a number of companies that compile and aggregate employment and localized wage and cost-of-living data and sell access as a service. That information can be used by clients to for example accurately monitor competitive wages based on job title/job function and industry, including accounting for regional and localized payscale adjustments (someone in Manhattan may get paid more than someone with the same job in Indianapolis due to cost-of-living differences).
Equifax for example has multiple similar but distinct business units like The Work Number (my employer happens to be a client) and Total Verify that provide these type of services.
Kinda scary EQ runs all those companies considering that major breach years ago... 
@OmarGB9 wrote:
@coldfusion wrote:
@elixerin wrote:
@coldfusion wrote:The issuers through a variety of means are often able to either themselves or through a 3rd party service to either confirm or approximate with a high degree of confidence ones income. If they aren't able to do that it's common to request proof of income either through recent pay statements or, as AMEX typically does, request to review your last 1-2 years federal tax returns via an IRS 4506-C request.
Unless there is reason to believe that they will be able to determine your income in 6-12 months using the same techniques that currently fail them there is no reason to believe that you wouldn't be asked to provide income again. Putting in a lower figure for your income wouldn't be a reliable workaround.
@coldfusion this is actually pretty interesting, mind elaborating on this? what means are actually out there other than tax forms and bank statements that cardmembers have to provide should they have to, but there are many members out there who have never dealt with providing such and built relationship up until asking beyond a certain CL for increases maybe... same with other banks. also mentioned is that this is the typical means as oppose to the request of members providing of tax or bank statements, how? or really more importantly what? lol
There are a number of companies that compile and aggregate employment and localized wage and cost-of-living data and sell access as a service. That information can be used by clients to for example accurately monitor competitive wages based on job title/job function and industry, including accounting for regional and localized payscale adjustments (someone in Manhattan may get paid more than someone with the same job in Indianapolis due to cost-of-living differences).
Equifax for example has multiple similar but distinct business units like The Work Number (my employer happens to be a client) and Total Verify that provide these type of services.
Kinda scary EQ runs all those companies considering that major breach years ago...
It's not just them. Insurance companies are tracking as well. My homeowners and auto give a disclaimer how they track on social media, websites, etc. Some time ago when Anthem was breached at our work, they had access to our payroll etc. Kinda scary all these people have so much information about us. And the pompous attitude like it's no big deal when it gets breached.
