@Remedios wrote:
@coldfusion wrote:
@blindambition wrote:
Hi OP,
Lenders are required to ask that once a year. It's a standard request. One that might cause stress and anxiety in current climate.
As @Remedios stated, there's ways they collect this information. Best to be honest. If nothing has changed, clicking save updates with updated date.
The other half of the equation is that you are not required to reply.
Sometimes not replying is an actual reply.
It really all hinges on whether this is routine request in which case ignoring it is perfectly fine.
If it was prompted by supplemental report, a couple of possibilities exist
Cap One takes no further action, but wont allow CLIs, BTs etc
Second possibility is they decide to act on it (if request was prompted by supplemental report), and do closure/CLD. I dont think this would happen, but there is no way of telling what happens when lenders go through neurosis stage.
In any case, ignoring request is by far better option than inaccurate digits being entered.
Thanks so much for the input. It is very helpful. Yeah, it looks like more of a form email, and the way the email reads, they make it sound more like an option they are giving you in order to be considered for future automatic CLIs and offers, rather than a real demand to update you information or else.... Also toward the middle-bottom of the email it says you can update your inform at "any time" online. That gives me the sense that it's not something that is maditory, urgent, or pointed directly at me based on report of some kind, so maybe it is just a routine email as most of you are saying. If not, while I seriously doubt they go so far as to close my account over this, especially since there is no way they could know whether I even received their email or not in order to reply, I guess nothing is impossible from lenders. As you indicate, in these times, who know for sure what lenders might do to reduce their nervousness and risks. Still, as you and others are thinking, it's probably the better option just ignore it anyway I guess. I guess when/if they are out to slash a CLs, they could make up any reason they want to do it without askin for income and employment updates.
