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Discover CLI weird question?

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Kenny
Moderator Emeritus

Re: Discover CLI weird question?


@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.

Message 11 of 30
gdale6
Moderator Emeritus

Re: Discover CLI weird question?

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
Message 12 of 30
Anonymous
Not applicable

Re: Discover CLI weird question?

Oh, I think some people are gonna have beaucoup fun with this... What is an asset? Land? House? Vehicles? This'll be fun!!!
Message 13 of 30
Anonymous
Not applicable

Re: Discover CLI weird question?


@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.... 

Message 14 of 30
Anonymous
Not applicable

Re: Discover CLI weird question?

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. Smiley Happy

Message 15 of 30
Anonymous
Not applicable

Re: Discover CLI weird question?

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...
Message 16 of 30
Anonymous
Not applicable

Re: Discover CLI weird question?


@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!

Message 17 of 30
Themanwhocan
Senior Contributor

Re: Discover CLI weird question?


@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...





TU-8: 804 EX-8: 805 EQ-8: 788 EX-98: 767 EQ-04: 752    
TU-9 Bankcard: 837 EQ-9: 823 EX-9 Bankcard: 837
Total $443,800
Message 18 of 30
Anonymous
Not applicable

Re: Discover CLI weird question?


@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

Message 19 of 30
Anonymous
Not applicable

Re: Discover CLI weird question?

Verifying assets is a much more difficult task than verifying income.

Message 20 of 30
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