@CivalV wrote:
@FinStar wrote:
@CivalV wrote:
@FinStar wrote:
@CivalV wrote:Well I received the dreaded 4506-C earlier today. I was approved for the Discover Miles with a $5500 SL. I have another Discover card thar was previously a secured card since 2018 .. I received two 4506-C emails and completed one. My account is not frozen & I did sign it but I believe they will close both of my accounts because part of my income is child support which is almost $20K a year alone. So now I am preparing for my scores to take a hit after rebuilding like crazy. Hoping AA doesn't go down the line like it always does smh
That's a bummer OP. Was this the Miles card you were approved on 5/11? I suppose you can see how the outcome plays out once you submit the form. So was the consent requested for both your Discover accounts?
Yeah for my 5/11 approval. super bummer. I believe they be closed based on DPs from other stories of this being requested and income not matching what is put on the application. It was requested for in two separate emails. I can only assume because I have two cards.. never had any issues with discover up until I opened the second card. I also just closed two cards, I am worried I will take a big hit for so many closed accounts and then AA will happen to my other accounts.
Ok just wanted to double-check. I understand the concern given the unexpected 4506-C request just popping like a big zit. If the outcome doesn't play out in your favor, don't sweat it. Yes, it is very unfortunate and disappointing, especially driven by the excitement of such a great milestone recently. But, there will be others, so don't worry.
If they get closed I don't foresee anyof the other lenders in your signature taking action. Even if they SP when they perform their periodic account reviews, it's not like they're going to see something like... "Discover closed CivalV's accounts because of 4506-C". All they'll see is the closures, that's it. So, you can still move forward with another strategy. Again, sorry this happened to you.
Sucks but its okay. Less cards and less worry. Always a positive in the negative. Im not sure why but I did receive an email from discover confirming my card was shipped today.. the approval was on 5/11 so I am not sure if they reviewed my account already. I still have access to my first discover account
Just like the saying goes, when one door closes another one opens. Even without Discover, you will still be able to achieve your long term goals 
Btw, the card would have ordinarily shipped as scheduled so the 4506-C request doesn't really prevent the mailing of the card. Definitely keep us posted on how everything turns out.
@Anonymous wrote:> Seems to be their modus operandi with second cards lately unfortunately.
Question then, related to that. I've had Discover and it's been my main card since 2014. 23.5k limit and have probably run 200-250k through it in that time. They've been sending my wife preapproved mailers constantly lately, really nice terms. She's an AU on my Disco. We are filing jointly and we've always reported consistent with our tax returns. The income's currently all mine but she reports it also per CARD Act 2009 and the CFPB update in 2013. My paychecks are depositied in a joint account so we're 100% legal for her to claim my income AFAIK.
I think we're about ready to pull the trigger on a Disco for her (padding, possibly BT), but does this fit into the "poking the 4506-T bear" category for her or me? We'll submit a 4506-T if need be, and it won't be a problem, but would like to know how likely it is.
I guess it would be poking the bear moreso than not applying, since any request for credit with them could result in 4506T, but I don't think she needs to expect it or anything like that for her first card. Some people do get a 4506T when they apply for their first Disco, but that seems to be pretty rare, at least judging by our approvals board. If you file jointly, if the income she puts on the app matches your 2019 & 2018 tax returns, and if you don't mind submitting a 4506T should they decide to ask for it, I wouldn't worry about it.
@FinStar wrote:
@CivalV wrote:
@FinStar wrote:
@CivalV wrote:
@FinStar wrote:
@CivalV wrote:Well I received the dreaded 4506-C earlier today. I was approved for the Discover Miles with a $5500 SL. I have another Discover card thar was previously a secured card since 2018 .. I received two 4506-C emails and completed one. My account is not frozen & I did sign it but I believe they will close both of my accounts because part of my income is child support which is almost $20K a year alone. So now I am preparing for my scores to take a hit after rebuilding like crazy. Hoping AA doesn't go down the line like it always does smh
That's a bummer OP. Was this the Miles card you were approved on 5/11? I suppose you can see how the outcome plays out once you submit the form. So was the consent requested for both your Discover accounts?
Yeah for my 5/11 approval. super bummer. I believe they be closed based on DPs from other stories of this being requested and income not matching what is put on the application. It was requested for in two separate emails. I can only assume because I have two cards.. never had any issues with discover up until I opened the second card. I also just closed two cards, I am worried I will take a big hit for so many closed accounts and then AA will happen to my other accounts.
Ok just wanted to double-check. I understand the concern given the unexpected 4506-C request just popping like a big zit. If the outcome doesn't play out in your favor, don't sweat it. Yes, it is very unfortunate and disappointing, especially driven by the excitement of such a great milestone recently. But, there will be others, so don't worry.
If they get closed I don't foresee anyof the other lenders in your signature taking action. Even if they SP when they perform their periodic account reviews, it's not like they're going to see something like... "Discover closed CivalV's accounts because of 4506-C". All they'll see is the closures, that's it. So, you can still move forward with another strategy. Again, sorry this happened to you.
Sucks but its okay. Less cards and less worry. Always a positive in the negative. Im not sure why but I did receive an email from discover confirming my card was shipped today.. the approval was on 5/11 so I am not sure if they reviewed my account already. I still have access to my first discover account
Just like the saying goes, when one door closes another one opens. Even without Discover, you will still be able to achieve your long term goals
I spoke to a rep who stated they could see EQ sent out the 4506-C and they could also see that it was signed. I asked what the turn around time would be and if my accounts would be closed or not. I did not get a clear answer *of course*.. My first discover card is not locked at all. I have read that they lock the accounts when they send out the form? I am still assuming they will close my accounts..
I realized I poked the bear due to my recent approvals.. had I not went for CITI DB .. MAYBE I would not be in this predicament lol
Like you said this will not prevent me from reaching long term goals. One door closes another opens..