I've removed some posts that were bordering on not being Friendly, Supportive, and Respectful, and the post that began that conversation. To clear up any confusion, at no time did the OP state that their SO filed fraudulent tax returns or planned to amend them later, only that she never filed them at all for these two tax years.
@Remedios wrote:
@Tomew2000 wrote:My significant other received a Discover Card a few months ago,with a 8500 limit. She used that, and has been making regular on time payments. They contacted her today asking her to sign a 4506 form,so they can verify info on her tax records. Problem is, she hasn't filed 2017 or 2018 yet.
I'm assuming that they'll pull her credit line at that point, and make her pay off the balance. Anyone have any insight as to why they're asking now? How will that affect her credit? if anyone knows if that will raise any red flags at the IRS, I'd appreaciate itIf she hasn't filed taxes, what did she put on her application?
They specifically ask for source of income.
Filing taxes and having an income are two different things. How much time is Discover giving your SO to provide the form?
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@Tomew2000 wrote:Hey all
Thanks for the good feedback Just to be clear, there’s no false income reporting. My question was really on the Credit side, and the tax question was a sidebar.
Disco requested the same from me after a full year of having the card and PIFing each month. I declined to oblige (too much personal info for a credit card AND they use Equifax - of all reckless entities - as the 3rd party to obtain the docs so that made me uncomfortable) - so i closed my account with them. I had already paid my balance in full so that was of no concern - all i lost was a healthy credit limit. The sky didn't fall.
It will most likely be closed if the information isn't submitted...but I wonder if they will just balance chase her until the balance is paid off and then close, end result is the same however.
With no lates and the balance paid in full the account will appear in good standing and simply closed on the CR. Thornback's suggestion of paying off and closing is a good one if possible and would not put you in financial trouble otherwise.
I have more than once said a "no, thank you," to providing more than minimal financial information. I do understand and respect the bottom line for lenders, but I also understand and respect that I still have a right to privacy in certain matters as well. Please update and good luck!
