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@Kidcat wrote:
@Anonymous wrote:I see only one thing in common with the forum posts related to Synchrony adverse action and its income related. Almost all or 99.9% are reporting income levels of $90,000+. I don't understand why this hasn't been brought up already.
Not true SO FAR. I reported double that, and nothing so far.
I don't think Myzery is saying that everyone who has reported $90k+ in income has had their accounts locked, just that most of the cases we've heard about on here so far seem to have that in common.
It does seem like an odd data point to have in common... it's also possible that it's merely a coincidence. With only a handful of cases to look at it's hard to tell.
@Anonymous wrote:Looks as if people's personal (and private) tax information is going directly to LexisNexis, who can then share it with anyone they choose, since they are a 3rd party collector of information and definitely do share the information they collect with others:
I can't post a link here to due myfico posting rules, but do a google seach for Synchrony and 4506 TEZ request and you will see what I mean. It's the first listing that comes in the google search when you use all of those search terms. Be sure to use all of the search terms in bold above.
You really need to take a careful look at the above before deciding to release your 4506t to anyone!
Personal information being out there without any control over it is not a good idea.
Only Feds and CU, mortgage, hospitals get 4506t (or, I just print it out and take). However, been treating everyone nice, so nobody pokes my bear, and ole lexis will just have to wait.
@kdm31091 wrote:
Any lender can and does ask for verification or tax forms. You're applying for credit. An unsecured loan basically.
If you don't want to provide the info, that's fine. But diversification isn't the issue. Lenders have the right to ask for these documents. These are financial transactions at the end of the day.
They do not have the right to share, sorry.
Well, fortunately I guess, my experience with Synchrony is nothing like either of the norms here -- nothing frozen, and no ridiculous unnecessary limits. I have Lowes and Walmart through Synchrony. I haven't checked the Walmart account, but I just logged into Lowes to ensure that my recent payment (to zero) was credited, and lo and behold, an unexpected CLI. I had been disappointed when I picked up the Lowes card back in February, as they only gave me $300 to work with. This morning, perhaps as a result of paying down the $100+ balance, I suddenly have been upgraded to a $1700 limit, without having asked for it. Well alrighty then. I hadn't been using the card much, since I have a higher limit with Home Depot, but now I'll actually have to comparison shop. No offense, Lowes, but HD is still higher even after that generous increase. But thanks!
I have to say I really feel informed after reading all your posts. There are so many things I did not know, but know now.
Thank you all!
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |
@Anonymous wrote:
Count me in as someone who thinks they have NO right to share. They could have had a better system. You don't see Chase and Citi handing out credit cards like candy with 60k credit lines. IMO, they are mostly to blame.
I had no plans to get any cards from them (or anyone for a long time) or to ask for another cli, but now I have more than one good reason not to "poke the bear."
Wow. I must have gotten lucky with my amazon account. Asked for 10k got 5k up from 1100. Was shocked need to try that with walmart and toys r us I think.