@KangiCosmos wrote:
@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?
It's not that "people are okay with Discover" it's about the fact Discover has a right to do so, consumer has a right to decline.
EQ had a big breach, but so did other two CRAs, not to mention retailers who are probably responsible for 95% of info floating on dark web but I don't see anyone going "Boycott Target!!!!"
People complain about the fact it happens but it's spelled out in cardmember agreement, and before one hits final "Apply" button, they have to click on the box acknowledging info available to them PRIOR to completing the application.
I don't think Discover should be faulted for doing what they clearly spelled they may do.
Maybe if people start reading, things would work out a lot better for them ...
@Remedios wrote:
@KangiCosmos wrote:
@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?
It's not that "people are okay with Discover" it's about the fact Discover has a right to do so, consumer has a right to decline.
EQ had a big breach, but so did other two CRAs, not to mention retailers who are probably responsible for 95% of info floating on dark web but I don't see anyone going "Boycott Target!!!!"
People complain about the fact it happens but it's spelled out in cardmember agreement, and before one hits final "Apply" button, they have to click on the box acknowledging info available to them PRIOR to completing the application.
I don't think Discover should be faulted for doing what they clearly spelled they may do.
Maybe if people start reading, things would work out a lot better for them ...
If people start reading this .. less people will signup for their card ..Info Discover needs for credit worthines can be found is on a Credit report.. amount of payments , income, late payments , total debt... mortgage/rent Name .
@7774x wrote:
@Remedios wrote:
@KangiCosmos wrote:
@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?
It's not that "people are okay with Discover" it's about the fact Discover has a right to do so, consumer has a right to decline.
EQ had a big breach, but so did other two CRAs, not to mention retailers who are probably responsible for 95% of info floating on dark web but I don't see anyone going "Boycott Target!!!!"
People complain about the fact it happens but it's spelled out in cardmember agreement, and before one hits final "Apply" button, they have to click on the box acknowledging info available to them PRIOR to completing the application.
I don't think Discover should be faulted for doing what they clearly spelled they may do.
Maybe if people start reading, things would work out a lot better for them ...
If people start reading this .. less people will signup for their card ..Info Discover needs for credit worthines can be found is on a Credit report.. amount of payments , income, late payments , total debt... mortgage/rent Name .
Nah
I don't know how many requests Discover has sent out in the last 4 years (this didn't start yesterday) and in a lot of instances, there was a discrepancy between what an individual is reporting for income vs info available to lenders these days
"Ain't nobody gonna apply, they gonna be gonners" is revenge fantasy, totally out of touch with many millions of accounts they service.
Something else that a lot of people seem to not understand, lenders know how easy it is to manipulate scoring algorithm. We have had members who maintained low to mid 700s up untill the moment they decided to file BK or simply let accounts get charged off.
Everyone has perfect credit history until they don't.
Again, no one has to comply. They don't have to lend. Everyone should get used to the idea that proverbial handshake in the form of credit report may not be enough for some lenders.
@Remedios wrote:
@7774x wrote:
@Remedios wrote:
@KangiCosmos wrote:
@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?
It's not that "people are okay with Discover" it's about the fact Discover has a right to do so, consumer has a right to decline.
EQ had a big breach, but so did other two CRAs, not to mention retailers who are probably responsible for 95% of info floating on dark web but I don't see anyone going "Boycott Target!!!!"
People complain about the fact it happens but it's spelled out in cardmember agreement, and before one hits final "Apply" button, they have to click on the box acknowledging info available to them PRIOR to completing the application.
I don't think Discover should be faulted for doing what they clearly spelled they may do.
Maybe if people start reading, things would work out a lot better for them ...
If people start reading this .. less people will signup for their card ..Info Discover needs for credit worthines can be found is on a Credit report.. amount of payments , income, late payments , total debt... mortgage/rent Name .
Nah
I don't know how many requests Discover has sent out in the last 4 years (this didn't start yesterday) and in a lot of instances, there was a discrepancy between what an individual is reporting for income vs info available to lenders these days
"Ain't nobody gonna apply, they gonna be gonners" is revenge fantasy, totally out of touch with many millions of accounts they service.
Something else that a lot of people seem to not understand, lenders know how easy it is to manipulate scoring algorithm. We have had members who maintained low to mid 700s up untill the moment they decided to file BK or simply let accounts get charged off.
Everyone has perfect credit history until they don't.
Again, no one has to comply. They don't have to lend. Everyone should get used to the idea that proverbial handshake in the form of credit report may not be enough for some lenders.
What other credit card company besides discover & amex.... demand tax returns from their customers ?.
@7774x wrote:
@Remedios wrote:
@7774x wrote:
@Remedios wrote:
@KangiCosmos wrote:
@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?
It's not that "people are okay with Discover" it's about the fact Discover has a right to do so, consumer has a right to decline.
EQ had a big breach, but so did other two CRAs, not to mention retailers who are probably responsible for 95% of info floating on dark web but I don't see anyone going "Boycott Target!!!!"
People complain about the fact it happens but it's spelled out in cardmember agreement, and before one hits final "Apply" button, they have to click on the box acknowledging info available to them PRIOR to completing the application.
I don't think Discover should be faulted for doing what they clearly spelled they may do.
Maybe if people start reading, things would work out a lot better for them ...
If people start reading this .. less people will signup for their card ..Info Discover needs for credit worthines can be found is on a Credit report.. amount of payments , income, late payments , total debt... mortgage/rent Name .
Nah
I don't know how many requests Discover has sent out in the last 4 years (this didn't start yesterday) and in a lot of instances, there was a discrepancy between what an individual is reporting for income vs info available to lenders these days
"Ain't nobody gonna apply, they gonna be gonners" is revenge fantasy, totally out of touch with many millions of accounts they service.
Something else that a lot of people seem to not understand, lenders know how easy it is to manipulate scoring algorithm. We have had members who maintained low to mid 700s up untill the moment they decided to file BK or simply let accounts get charged off.
Everyone has perfect credit history until they don't.
Again, no one has to comply. They don't have to lend. Everyone should get used to the idea that proverbial handshake in the form of credit report may not be enough for some lenders.
What other credit card company besides discover & amex.... demand tax returns from their customers ?.
JP Morgan and Citibank
