@Anonymous wrote:
@Anonymous wrote:
@K-in-Boston wrote:
A financial review and a request for a 4506-T are very different. You will not get a financial review from making a credit line increase request. Some people are able to go very high on their CLI requests without being asked for a 4506-T (my first one was when I asked for $63,000 on my Starwood card, I lowered it to $35k and got it, and they’ve given me an additional $20k in credit in the past month and I am days away from asking for another CLI). Others may be asked around the $32k mark, or lower in some cases. You can always back out and ask for a lower amount, then ignore the form they mail you. Or submit the form and wait wait wait. Just be sure to check the box at the bottom that says it’s optional; it’s not!
Thanks
So they will tell me if what I'm requesting will trigger a financial review? And then i can lower my request to avoid it?
No. KIB explained it well. If you request a CLI, you may get a 4506-T request where they want your filed tax returns for previous years. If you see this request then just back out and request a lower amount until you do not get the the 4506-T request. This is voluntary. If you don't submit this form then you don't get your requested CLI. You may get a CLI without this form(backing out and trying a lower amount).
A FR is not optional and they will shut down your accounts until the outcome of your review is determined. This is involuntary. Give them the info they require or else.
thank you!
