NASAFCU Verification of Income Question

[charles23]

I was approved for a NASAFCU credit card.

I received an email stating they need "verification of all income stated within the application (I.E. 2 Most Recent Paystubs or 2 Most Recent Tax Returns (If Self-Employed). 

I clearly understand what they are asking for.  Since I am not W-2 income but I am instead 1099-MISC income, and I prefer not to send them my tax returns, is it possible they might accept my 2 most recent 1099-MISC income statements in lieu of my tax returns even though they are asking for my tax returns?

Thank you,

Charles

[CreditCuriosity]

Call and ask them as they certainly will know better than the forum.  I speculate as a 1099 aka self employed it will be Tax returns that they mentioned though

[FinStar]

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@charles23 wrote:

I was approved for a NASAFCU credit card.

I received an email stating they need "verification of all income stated within the application (I.E. 2 Most Recent Paystubs or 2 Most Recent Tax Returns (If Self-Employed). 

I clearly understand what they are asking for.  Since I am not W-2 income but I am instead 1099-MISC income, and I prefer not to send them my tax returns, is it possible they might accept my 2 most recent 1099-MISC income statements in lieu of my tax returns even though they are asking for my tax returns?

Thank you,

Charles

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You can ask them, but my understanding is that they will only accept the requested tax documents and they rarely deviate from that. 1099-MISC isn't technically employment income, unless you're self-employed like an independent contractor or sole proprietor type of thing.

[rostrow416]

I've used PayPal income from a side business in addition to my W2 job's pay stubs before with one of my Credit Unions.  I literally printed out PayPal statements and brought it to the local branch (Teachers FCU) as well as paystubs in order to be approved for a credit card.  It probably depends on who you speak to, so it's worth a shot.