Re: Random Discover 4506-C Request

OmarGB9 · ‎12-22-2022

@marmaladepie wrote:
I know right? I would have liked that request to pop up during the application process.
I'm going to just let it ride and see what happens. If they close the account, that's fine.

What do you mean "just let it ride"? If you don't provide the info they're requesting, they will indeed close the account. That's well documented on here.

Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:

Current FICO 8 scores:

CreditCuriosity · ‎12-22-2022

@OmarGB9 wrote:
@marmaladepie wrote:
I know right? I would have liked that request to pop up during the application process.
I'm going to just let it ride and see what happens. If they close the account, that's fine.

What do you mean "just let it ride"? If you don't provide the info they're requesting, they will indeed close the account. That's well documented on here.

Agreed. I would be proactive and ask if Bank Statements/Pay stubs will work vs tax otherwise just call them and tell them you will not provide any above mentioned and just have them close the account and get the pain over with if not willing to provide any of the above. You might get lucky and they will take pay stubs otherwise it will be closed as pay stubs is your best outcome to their request and obviously worse case is pure closure as mentioned

marmaladepie · ‎12-22-2022

Unfortunately, I haven't been up to date with Discover's known rule about acct closure with respect to not providing tax info.

I called them and asked if I can provide any other documentation and it was a hard no.

The rep said the tax transcript is purely to verify name, ssn, address etc for identity rather than financials.

If I didn't file any taxes the past two years, there is a substitute method however if I did file taxes, the irs transcript is mandatory and "noted in the 30 page credit card agreement." I have until Feb 1 to cancel the account or authorize the tax info.

OmarGB9 · ‎12-22-2022

@marmaladepie wrote:
Unfortunately, I haven't been up to date with Discover's known rule about acct closure with respect to not providing tax info.
I called them and asked if I can provide any other documentation and it was a hard no.
The rep said the tax transcript is purely to verify name, ssn, address etc for identity rather than financials.
If I didn't file any taxes the past two years, there is a substitute method however if I did file taxes, the irs transcript is mandatory and "noted in the 30 page credit card agreement." I have until Feb 1 to cancel the account or authorize the tax info.

Sorry, didn't mean to come off condescending. My apologies if I did. I was merely stating that unfortunately, there's no way around this, and if you don't want to comply, then the only conclusion will be account closure. That said, what are you going to do?

Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:

Current FICO 8 scores:

marmaladepie · ‎12-22-2022

Not worries at all. I should have done more research on Discover or they had asked before approving. At least w Amex you can back out of an app or cli if they request. I will likely call to close the card.

Remedios · ‎12-23-2022

Discover was the only lender where I put family income instead of just my own.

During next couple of years, limit grew, and grew, and grew. It wasn't just because I asked, there were many auto CLIs. I didn't have as many cards as I do now ( like 70% less), I used their card, they kinda liked it.

Once my family situation changed, I updated my income, this time with my I come only. This was not a small change, I hate talking money, so I wont put the digits, but we are talking six figures, not starting with 1 or 2.

Anyway, nothing happened. While my own income is enough to support the limit, Disco did not blink an eye, no AA, businesses as usual for years since i changed it.

If they asked for my tax return, I would provide it. Most of my info is already swimmin' in the dark waters, between all the data breaches even your neighbors know your underwear size, so im not too concerned, and its not like i haven't done it before.

FinStar · ‎12-23-2022

@Remedios wrote:
Discover was the only lender where I put family income instead of just my own.
During next couple of years, limit grew, and grew, and grew. It wasn't just because I asked, there were many auto CLIs. I didn't have as many cards as I do now ( like 70% less), I used their card, they kinda liked it.

Once my family situation changed, I updated my income, this time with my I come only. This was not a small change, I hate talking money, so I wont put the digits, but we are talking six figures, not starting with 1 or 2.

Anyway, nothing happened. While my own income is enough to support the limit, Disco did not blink an eye, no AA, businesses as usual for years since i changed it.

If they asked for my tax return, I would provide it. Most of my info is already swimmin' in the dark waters, between all the data breaches even your neighbors know your underwear size, so im not too concerned, and its not like i haven't done it before.

So many open barn doors with this comment 🤠 And, in order to not get called into the 'office', I'm just going to nod, reply with 'yes' and head into the sunset 😁🤭

Remedios · ‎12-23-2022

@FinStar wrote:
@Remedios wrote:
Discover was the only lender where I put family income instead of just my own.
During next couple of years, limit grew, and grew, and grew. It wasn't just because I asked, there were many auto CLIs. I didn't have as many cards as I do now ( like 70% less), I used their card, they kinda liked it.

Once my family situation changed, I updated my income, this time with my I come only. This was not a small change, I hate talking money, so I wont put the digits, but we are talking six figures, not starting with 1 or 2.

Anyway, nothing happened. While my own income is enough to support the limit, Disco did not blink an eye, no AA, businesses as usual for years since i changed it.

If they asked for my tax return, I would provide it. Most of my info is already swimmin' in the dark waters, between all the data breaches even your neighbors know your underwear size, so im not too concerned, and its not like i haven't done it before.

So many open barn doors with this comment 🤠 And, in order to not get called into the 'office', I'm just going to nod, reply with 'yes' and head into the sunset 😁🤭

Why don't you head over to my neighbors and get gift ideas? That's a better use of your time (mine, too).

FinStar · ‎12-23-2022

@Remedios wrote:
@FinStar wrote:
@Remedios wrote:
Discover was the only lender where I put family income instead of just my own.
During next couple of years, limit grew, and grew, and grew. It wasn't just because I asked, there were many auto CLIs. I didn't have as many cards as I do now ( like 70% less), I used their card, they kinda liked it.

Once my family situation changed, I updated my income, this time with my I come only. This was not a small change, I hate talking money, so I wont put the digits, but we are talking six figures, not starting with 1 or 2.

Anyway, nothing happened. While my own income is enough to support the limit, Disco did not blink an eye, no AA, businesses as usual for years since i changed it.

If they asked for my tax return, I would provide it. Most of my info is already swimmin' in the dark waters, between all the data breaches even your neighbors know your underwear size, so im not too concerned, and its not like i haven't done it before.

So many open barn doors with this comment 🤠 And, in order to not get called into the 'office', I'm just going to nod, reply with 'yes' and head into the sunset 😁🤭
Why don't you head over to my neighbors and get gift ideas? That's a better use of your time (mine, too).

Yes ma'am 😄 Santa's work is just never done 🎅 but, I bet I can find the answer if I ask Google, cuz you know...big data. Plus, Google and Santa are like dis🤞

KangiCosmos · ‎01-09-2023

@CreditCuriosity wrote:
@OmarGB9 wrote:
@marmaladepie wrote:
I know right? I would have liked that request to pop up during the application process.
I'm going to just let it ride and see what happens. If they close the account, that's fine.

What do you mean "just let it ride"? If you don't provide the info they're requesting, they will indeed close the account. That's well documented on here.
Agreed. I would be proactive and ask if Bank Statements/Pay stubs will work vs tax otherwise just call them and tell them you will not provide any above mentioned and just have them close the account and get the pain over with if not willing to provide any of the above. You might get lucky and they will take pay stubs otherwise it will be closed as pay stubs is your best outcome to their request and obviously worse case is pure closure as mentioned

I just spoke to them because I got the same thing. They will NOT take bank statements or anything else. I tried. Sending the consent through Equifax is baffling to me since there is still people like me who are waiting for the class action settlement from Equifax with breach of information. The consent is for 2020 and 2021 taxes. I hnestly don't understand people that are ok with Discover having access to your taxes or anyonelese names and social security numbers on those taxes who are not even apart of the account.

People talk about risk managemnt blah blahblha but if you have paid your card in full for several years straight obviously you are not a risk. 4 months ago I already had fraud on my credit account with someone opening a Paypal credit card. If I had dependent children on my taxes I sure wouldn't want some credit card company having there SSN in case of Dark Web breaches. Like I said. Equifax has already been breached what makes me think it can't happen again?