Re: Re: Re: Do creditors verify income? Not in the top tiers. The poster was likely a lower-tier approval. Most likely, the poster had something on his application that didn't look right. That, combined with buying a car that was expensive compared to his income. If the poster had a clean application, no one would have asked for income verification...even with zero down.
Re: Re: Re: Re: Re: Do creditors verify income? I just consolidated two citi cards into my Plat Select with a total credit line of $29,500 and they never have called to verify employment or income.
Re: Re: Re: Re: Re: Do creditors verify income? Ok I just checked my citicard account, and they've granted my $10K line increase. Of course, all I had to do was send income verification (I think they may have also pulled a hard inq.). Being that it was that easy, now I'm wondering how much I could have gotten if I asked Oh well...
Re: Re: Re: Re: Do creditors verify income? >>>>I want to apply for Wells Fargo secured card. How important is income?<<<<< I work for a bank in the lending department, we almost always verify income. Except when the loan is secured by cash.
Re: Re: Re: Re: Re: Do creditors verify income? Some banks have REFUSED customers with 100% secured loans...(SAVINGS or CD)
Re: Re: Re: Re: Re: Do creditors verify income? Other than a mortgage and a couple of auto loans, the only time a cc company verified my income and employment was in 1978 when Sears called my boss twice within a 3 day period. I was getting married in a few months and needed to pay some furniture and a couple of other things. It was $800 at a princely 22%. That baby got retired in just a few months! That was my 2nd oldest tl until they closed it out of the blue 3 years ago and shipped me a Sears MC.
Re: Re: Re: Re: Re: Do creditors verify income? I've never had a cc verify income. Amex has been known to call 411 to see if the business is listed. I think a lot has to do with your scores and your report. It cost them money to verify income.
Re: Re: Re: Re: Re: Do creditors verify income? American Pacific has a secured card that doesn't even ask about income. The catch is the give you a credit line of 80% of the deposit.
Re: Re: Re: Re: Re: Do creditors verify income? I have never in 30 years had any one call me to verify an employees income
Re: Re: Re: Re: Re: Do creditors verify income? I had to sign a release for my company to verify my income to my C.U. for a loan once.
