DISCOVER FORM 4506-T???

[CreditInspired]

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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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Have you called yet? This can be cleared up in a matter of minutes. Otherwise, we are just speculating!

[Anonymous]

That’s the stupidest thing I have ever heard of requiring a 4506-T for a $500 secured card.

[CreditCuriosity]

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@Velar_nyc19 wrote:

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@CreditCuriosity wrote:

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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

---

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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Pay Stubs can be easily forged, tax transcripts straight from the IRS cannot be.  

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So how would they know what im making now currently if i have a new job ? through paystubs, im assuming...

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They don't really care what you are making now as they want verifiable income..  Most lenders especially saying if you are going after a mortgage wants to see up to 3 years of taxes aka 1099 transcripts.  Granted this isn't a mortgage.  I agree with others for a secured card this is silly, but something is spooking them.  They might be using something like theworknumber which can show a difference in what you stated vs. your earning, etc..  Other services also exist other than that one that might of put up a red flag.  All speculation though.  Lenders use ALOT of datasources that the general public does or doesn't have access to other than the 3 major CRA's.

[Velar_nyc19]

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.

[Velar_nyc19]

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@CreditCuriosity wrote:

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@Velar_nyc19 wrote:

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@CreditCuriosity wrote:

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@Velar_nyc19 wrote:

---

@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

---

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.

---

Pay Stubs can be easily forged, tax transcripts straight from the IRS cannot be.  

---

So how would they know what im making now currently if i have a new job ? through paystubs, im assuming...

---

They don't really care what you are making now as they want verifiable income..  Most lenders especially saying if you are going after a mortgage wants to see up to 3 years of taxes aka 1099 transcripts.  Granted this isn't a mortgage.  I agree with others for a secured card this is silly, but something is spooking them.  They might be using something like theworknumber which can show a difference in what you stated vs. your earning, etc..  Other services also exist other than that one that might of put up a red flag.  All speculation though.  Lenders use ALOT of datasources that the general public does or doesn't have access to other than the 3 major CRA's.

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It is stupid, thats what i told them on the phone, nonsense!! But they still said they have to follow this process and to wait 5-7 business days for them to get the tax transcript from IRS.

[CreditInspired]

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@CreditCuriosity wrote:

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@Velar_nyc19 wrote:

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@CreditCuriosity wrote:

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@Velar_nyc19 wrote:

---

@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

---

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.

---

Pay Stubs can be easily forged, tax transcripts straight from the IRS cannot be.  

---

So how would they know what im making now currently if i have a new job ? through paystubs, im assuming...

---

They don't really care what you are making now as they want verifiable income..  Most lenders especially saying if you are going after a mortgage wants to see up to 3 years of taxes aka 1099 transcripts.  Granted this isn't a mortgage.  I agree with others for a secured card this is silly, but something is spooking them.  They might be using something like theworknumber which can show a difference in what you stated vs. your earning, etc..  Other services also exist other than that one that might of put up a red flag.  All speculation though.  Lenders use ALOT of datasources that the general public does or doesn't have access to other than the 3 major CRA's.

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+10

[Remedios]

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@Velar_nyc19 wrote:

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@CreditCuriosity wrote:

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@Velar_nyc19 wrote:

---

@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

---

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.

---

Pay Stubs can be easily forged, tax transcripts straight from the IRS cannot be.  

---

So how would they know what im making now currently if i have a new job ? through paystubs, im assuming...

---

They are requesting two years worth of tax transcripts. Maybe it's about stability of income, in addition to establishing your ability to repay.

I still think this is ridiculous request. I'm sorry you're having to do this, especially if you already funded your account. 

[CreditInspired]

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@Velar_nyc19 wrote:

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@CreditCuriosity wrote:

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@Velar_nyc19 wrote:

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@CreditCuriosity wrote:

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@Velar_nyc19 wrote:

---

@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

---

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.

---

Pay Stubs can be easily forged, tax transcripts straight from the IRS cannot be.  

---

So how would they know what im making now currently if i have a new job ? through paystubs, im assuming...

---

They don't really care what you are making now as they want verifiable income..  Most lenders especially saying if you are going after a mortgage wants to see up to 3 years of taxes aka 1099 transcripts.  Granted this isn't a mortgage.  I agree with others for a secured card this is silly, but something is spooking them.  They might be using something like theworknumber which can show a difference in what you stated vs. your earning, etc..  Other services also exist other than that one that might of put up a red flag.  All speculation though.  Lenders use ALOT of datasources that the general public does or doesn't have access to other than the 3 major CRA's.

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It is stupid, thats what i told them on the phone, nonsense!! But they still said they have to follow this process and to wait 5-7 business days for them to get the tax transcript from IRS.

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Yep @CreditCuriosity has a valid point. Something spooked them. For a

secured card, I would have said, forget it, and took my business to another lender. 

[Velar_nyc19]

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@Remedios wrote:

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@Velar_nyc19 wrote:

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@CreditCuriosity wrote:

---

@Velar_nyc19 wrote:

---

@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

---

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.

---

Pay Stubs can be easily forged, tax transcripts straight from the IRS cannot be.  

---

So how would they know what im making now currently if i have a new job ? through paystubs, im assuming...

---

They are requesting two years worth of tax transcripts. Maybe it's about stability of income, in addition to establishing your ability to repay.

I still think this is ridiculous request. I'm sorry you're having to do this, especially if you already funded your account. 

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Its okay, i mean, we will see how this turns out next week. 

I will update once i get word from them.

Thanks

[Anonymous]

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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).