Discussion in 'Credit Talk' started by Larissa, Aug 3, 2001.

  1. Larissa

    Larissa Well-Known Member

    Has anyone ever got this before?

    Recently Hubby responded to an offer from CitiBank for a in the mail I got a letter that says that in order to continue processing his application they need verification of employment: either a pay statement, w-2 form, or letter on compnay letterhead signed by the personnel manager.

    Is this normal? Will it generally produce a denial or an acceptance? I have all of the forms of course, but am just curious as to whether I should send them..

  2. roni

    roni Well-Known Member


    They didnt verify anything before applying. Surprising they called my job to verify employment after I got my cards.
  3. MikeB

    MikeB Banned

    I had to give them proof of residence, but not proof of employment.
  4. ble103

    ble103 Well-Known Member

    Yes this would be normal because there is a few reasons for any creditor to verify employment,or w-2 forms.The main reasons for them to do this would be as follows;

    1.Having a short amount of time at your current job could be one.Changing jobs too much can cause them to be concerned about your stability employment wise.

    2.Your credit rating could be low or you may not have a long credit history to satisfy them with.

    3.You rent instead of owning a home.Owning a home proves too them that you are very stable,and shows that you are a lower risk too them.

    4.Lack of bank accounts both checking,and savings.Some lenders do reqire this before extending credit to you.

    Well that is all that i can think for now,maybe some others on this board may have more answers then what i got.I hope this can be of some help to you.
  5. the other

    the other Well-Known Member

    The only creditor I have ever had that asked for proof of income and employment was my credit union.
  6. breeze

    breeze Well-Known Member

    It could be that they feel your income is out of line with the average of others in similar positions.

  7. Geo

    Geo Well-Known Member

    Citibank did not verify any info when I was approved for two 9k cards at January01
    MBNA requested proof of employment
  8. Larissa

    Larissa Well-Known Member what should we do? He has been at his job for 7 years, but the company was just bought out last year and changed their name. We do rent rather than own...his income is 30-40K

    He really wants a MC, but I don't know if he should be giving this info out...but then I guess if they really want to know they have his SS#

  9. breeze

    breeze Well-Known Member

    Why shouldn't he give this info out? They are going to extend him unsecured credit. They have a right to know. I don't think it's anything tricky. It might even be the change in the name of the company. Why wouldn't you want to tell them?

  10. Larissa

    Larissa Well-Known Member

    Its not that I don' a matter of fact we went ahead and sent it. It's just that everyone on here does not advocate giving out any extra information, thats all.

  11. sam

    sam Well-Known Member

    You already gave out the information when you applied. They just want proof, that you are not lying.

    Really simple.

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