Credit Card App POI Request & Not Providing...

[Anonymous]

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@CreditCuriousity wrote:

If one has a  problem providing proof of income I certainly would avoid CU's.  I personally have no issue with it, but to each and their own.  It is unsecured credit after all.  Banks or CU's or whomever is just doing the most to protect themselves

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I think many applicants are trying to protect themselves as well.  I for one am not saying any credit grantor is wrong for asking for this info but I am saying that many are uncomfortable providing it.  In the end we either provide it as requested and worry about it or don't provide it and move on. I do agree that CU's seem to want this info more so than banks in most cases. Each side has a valid reason.

[austinguy907]

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@CreditCuriousity wrote:

If one has a  problem providing proof of income I certainly would avoid CU's.  I personally have no issue with it, but to each and their own.  It is unsecured credit after all.  Banks or CU's or whomever is just doing the most to protect themselves

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Just a note about the CU statement and that when you sign the LoanLiner agreements for different products they can recover a default from other accounts/property held at that particular instituion unlike a "Bank" where it's truly unsecured debt.  However CU's do provide better service and work with you to help both parties be financially successful as they have a vested interest in you as a member.