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Penfed credit card.. what happens if I do not send my paystubs for verification?

Yaidyr22
Established Member

Penfed credit card.. what happens if I do not send my paystubs for verification?

Very upset with Penfed filling out an application last night and they are asking me for 2 recent paystubs. Most people do not ask for this type of information for a credit card. I have several cards and with none I have had that problem. What happens if I do not send the paystubs? They can reconsider?
Message 1 of 18
17 REPLIES 17
nevertooldtolearn
Frequent Contributor

Re: Penfed credit card.. what happens if I do not send my paystubs for verification?


@Yaidyr22 wrote:
Very upset with Penfed filling out an application last night and they are asking me for 2 recent paystubs. Most people do not ask for this type of information for a credit card. I have several cards and with none I have had that problem. What happens if I do not send the paystubs? They can reconsider?

 

 

Ummm .. why is that upsetting?  It isn't that uncommon for a creditor to ask for POI when extending new credit...and as long as you were honest about it, it's no biggie..but if your numbers are off  and don't provide them, more then likely they will close your app as "failed to provide documentation" and could probably flag your account for the next time you apply

"Your past is the doorway to your future"

Dad's words of wisdom

Message 2 of 18
doinit1
Valued Contributor

Re: Penfed credit card.. what happens if I do not send my paystubs for verification?


@nevertooldtolearn wrote:

@Yaidyr22 wrote:
Very upset with Penfed filling out an application last night and they are asking me for 2 recent paystubs. Most people do not ask for this type of information for a credit card. I have several cards and with none I have had that problem. What happens if I do not send the paystubs? They can reconsider?

 

 

Ummm .. why is that upsetting?  It isn't that uncommon for a creditor to ask for POI when extending new credit...and as long as you were honest about it, it's no biggie..but if your numbers are off  and don't provide them, more then likely they will close your app as "failed to provide documentation" and could probably flag your account for the next time you apply


+1

American Express Business Gold(NPSL 10k) Chase CSP (25k) BofA CR Siggy (20.8k) BofA BBR (22.1k) Amex BCP(4.1k) Overstock (21.1K) Lowes (17K) NFCU CLOC (15K) NFCU VS Cash (15K) Care Credit (15k) J Crew( 11.9k)Venture WMC (10.25k) Amex Everyday (1k) Chase Slate (10k) Walmart MC(10k) BB Visa (10k) Discover(4.5k☝️) PayPal Cashback Mastercard (8k) Chase FU (7.4k) Citi AAdvantage Gold World Elite (9.5K) Citi Double Cash (8.5k) Fidelity® Rewards Visa Signature® Card (6.5K) PenFed PCR (5K) PayPal Credit (4550)Discover (500✌️) Kohls (3k) Chase Freedom (1500)

Mortgage May 2017 - 2 auto loans (1 PenFed and 1 Navy) Aug 2018=98K
Gardening until June 2021

FICO 8 Scores EX 700 EQ 696 TU 703
AAOA 5.2yrs TCL=268,700
Message 3 of 18
Yaidyr22
Established Member

Re: Penfed credit card.. what happens if I do not send my paystubs for verification?


Because I'm annoyed? Because it's uncomfortable and it's personal information, that's why.
Message 4 of 18
doinit1
Valued Contributor

Re: Penfed credit card.. what happens if I do not send my paystubs for verification?


@Yaidyr22 wrote:

Because I'm annoyed? Because it's uncomfortable and it's personal information, that's why.

I agree that it is personal but the ball is in your court. I wouldn't take it personal though...you are not the first or the last that a lender has requested proof of income. Good luck on whatever you decide..I am rooting for your success!!!....Smiley Happy

American Express Business Gold(NPSL 10k) Chase CSP (25k) BofA CR Siggy (20.8k) BofA BBR (22.1k) Amex BCP(4.1k) Overstock (21.1K) Lowes (17K) NFCU CLOC (15K) NFCU VS Cash (15K) Care Credit (15k) J Crew( 11.9k)Venture WMC (10.25k) Amex Everyday (1k) Chase Slate (10k) Walmart MC(10k) BB Visa (10k) Discover(4.5k☝️) PayPal Cashback Mastercard (8k) Chase FU (7.4k) Citi AAdvantage Gold World Elite (9.5K) Citi Double Cash (8.5k) Fidelity® Rewards Visa Signature® Card (6.5K) PenFed PCR (5K) PayPal Credit (4550)Discover (500✌️) Kohls (3k) Chase Freedom (1500)

Mortgage May 2017 - 2 auto loans (1 PenFed and 1 Navy) Aug 2018=98K
Gardening until June 2021

FICO 8 Scores EX 700 EQ 696 TU 703
AAOA 5.2yrs TCL=268,700
Message 5 of 18
OnMyWay2017
Valued Member

Re: Penfed credit card.. what happens if I do not send my paystubs for verification?

But your full name, address, and social security number aren't personal information?

 

I'm genuinely confused why you're annoyed that a financial institution is asking for financial information to extend a credit offer. It's not like they're asking for a copy of a hospital bill or a picture of your browser history. It makes sense.

Starting Score: EQ 547, TU 526, EX 532 (May 2017)
Current Score: EQ 547, TU 526, EX 532 (May 2017)
Goal Score: 650


Take the myFICO Fitness Challenge
Message 6 of 18
Yaidyr22
Established Member

Re: Penfed credit card.. what happens if I do not send my paystubs for verification?

I get it. Send anyway my license information, social security and my bills. We'll see what happens. Anyway, it's not a card I need. I have 4 AMEx, 1 discover, 1 Chase and 2 Bank of America Smiley Happy
Message 7 of 18
doinit1
Valued Contributor

Re: Penfed credit card.. what happens if I do not send my paystubs for verification?

Way to go...good luck!! If you don't mind me asking....if there is no reason for getting the card then why apply....are you just building a credit union relationship...???

American Express Business Gold(NPSL 10k) Chase CSP (25k) BofA CR Siggy (20.8k) BofA BBR (22.1k) Amex BCP(4.1k) Overstock (21.1K) Lowes (17K) NFCU CLOC (15K) NFCU VS Cash (15K) Care Credit (15k) J Crew( 11.9k)Venture WMC (10.25k) Amex Everyday (1k) Chase Slate (10k) Walmart MC(10k) BB Visa (10k) Discover(4.5k☝️) PayPal Cashback Mastercard (8k) Chase FU (7.4k) Citi AAdvantage Gold World Elite (9.5K) Citi Double Cash (8.5k) Fidelity® Rewards Visa Signature® Card (6.5K) PenFed PCR (5K) PayPal Credit (4550)Discover (500✌️) Kohls (3k) Chase Freedom (1500)

Mortgage May 2017 - 2 auto loans (1 PenFed and 1 Navy) Aug 2018=98K
Gardening until June 2021

FICO 8 Scores EX 700 EQ 696 TU 703
AAOA 5.2yrs TCL=268,700
Message 8 of 18
nevertooldtolearn
Frequent Contributor

Re: Penfed credit card.. what happens if I do not send my paystubs for verification?

Please don't think we are ganging up on you...we are not...PenFed is a great card to have and it grows nicely

 

also, at any time your creditors can require POI and you already agreed to do so when you signed the applications (it's in the fine print)

 

just think on the bright side after a few moments of faxing/sending that info in you will have another big player in your credit portfolio  Smiley Happy

"Your past is the doorway to your future"

Dad's words of wisdom

Message 9 of 18
Yaidyr22
Established Member

Re: Penfed credit card.. what happens if I do not send my paystubs for verification?

I canceled the application with a representative by phone
Message 10 of 18
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