DISCOVER FORM 4506-T???

[Anonymous]

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@Velar_nyc19 wrote:

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@Meanmchine wrote:

Call Discover and verify this wasnt a computer malfunction

$500 secued card????  Gotta be a screw up unless you accidently put down $450.000

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They sent me another email today saying to call again to the Customer service protection line and they said they are doing this with old and new accounts accross the board, they just want to veryfy the income ??? But if they really wanted to do that, why would they ask for past tax transcripts and not my paystubs ? I dont get it, its BS actually.

I guess i will have to wait a week to find out what happens.

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My DH and I like Discover (he much more than me) but no 4506-T for them or anyone else. Whatever cards want it we can do without. I have no problem paying cash/debit card.  

[Anonymous]

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@Anonymous wrote:

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@Velar_nyc19 wrote:

Yes indeed I did call. They said they are doing this with old and new accounts accross the board, they just want to verify the income.

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Well if Disco wants to lose all their customers, maybe. I would never submit this form (and I actually couldn’t even if I wanted to because I don’t file taxes due to my income being exempt from them). 

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+1

[Anonymous]

Mine updated the same way , closed and unable to verify , I called and no one knows the reason why except it was a “business decision”

[Anonymous]

Hi everybody my little brother turned 18 on august 30 i advised him to start with secured card from discover so he did apply and got approved he is jus turned 18 and he started working couple month ago at subway making approximately 1800 a month and he is full time college student to so he received email to sign form 4506 t we tried to explain discover the situation and they said we don't care either you sign the form or not your account will be closed in that case this is insane its just secured card how they can do that he just started working. If anyone can advise something I appreciate that
Thank you

[AllZero]

I think this is the 4th report so far. See links.

https://ficoforums.myfico.com/t5/Credit-Cards/Discover-4506-T-random/td-p/5750190

https://ficoforums.myfico.com/t5/Credit-Card-Applications/FORM-4506-T/m-p/5645421

[Jnbmom]

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@AllZero wrote:
I think this is the 4th report so far. See links.

https://ficoforums.myfico.com/t5/Credit-Cards/Discover-4506-T-random/td-p/5750190

https://ficoforums.myfico.com/t5/Credit-Card-Applications/FORM-4506-T/m-p/564542

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 This seems so strange and now multiple reports?? Is this just for the secured cards ??

[Raisondetre]

There has also been a few other reports of it happening between June and August on another forum when I went searching.

[AllZero]

1st link is one member unsecured.

2nd link are two members secured.

[GApeachy]

Sorry for your little brother having that problem.  So what should he have put on the application?  That he made 0 last year?  Do the banks go by the prior year only?

A little off here but this post and those links made me wonder if and when is everyone supposed to update their income?  Do we do it after tax season or when?

[CreditInspired]

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@Anonymous wrote:
Hi everybody my little brother turned 18 on august 30 i advised him to start with secured card from discover so he did apply and got approved he is jus turned 18 and he started working couple month ago at subway making approximately 1800 a month and he is full time college student to so he received email to sign form 4506 t we tried to explain discover the situation and they said we don't care either you sign the form or not your account will be closed in that case this is insane its just secured card how they can do that he just started working. If anyone can advise something I appreciate that
Thank you

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IDK so I’m just brainstorming. What amount did brother put down for annual income? If he put $21,600 and he’s only been working 2 months, he’s only 18, and he’s in college—those 3 variables may have thrown Disco’s algorithm off. 

I suggest adding him as an AU to 1-2 of your CCs that have low UT. Also he should open a checking account with a CU and setup DD. Then apply for a secured CC from the CU.