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@Anonymous wrote:Really dumb question, but since I'm under 21, would I be able to put my parents investment accounts that I have access to? I don't have joint ownership, they're under their names, but they set it up so that my bank account is linked to it, so whenever I need to withdraw money its just an ACH payment from their Ameriprise account to my checking account. The wording was really vague, so I didn't want to risk putting down a 6-figure asset value and having them be like "uhhhh you're 18 how do you have that", but at the same time I didn't want to not have accurate information.
Absolutely not. Because, your parents wouldn't let you have blind access to it. Come on now.
@Anonymous wrote:
That is new... Wasn't there two weeks ago...
Wow, that wasn't even there on Monday when I requested (and was deinied) a CLI....
austinguy posted Discover's definition of assets on the first page of the thread. Checking, Savings, Money Market, and non-retirement bank/investment accounts that you have immediate access to.
@Anonymous wrote:
Oh eck... They're banking on the honor system, just like when they ask for your annual income... It means nothing unless they FR people...
True that!
@gdale6 wrote:
This piqued my interest, yes indeed the asset question is new the only other place I have seen this with my cards is BoA/FIA
American Express asks the asset question when you update your income online. But their assets don't restrict retirement accounts.
Unforunately, Themanwhocan's assets are in retirement accounts...
@Anonymous wrote:
Oh eck... They're banking on the honor system, just like when they ask for your annual income... It means nothing unless they FR people...
They won't lend you the kind of money where this matters unless they FR you
Verifying assets is a much more difficult task than verifying income.