Originally Posted by
cdancer20
Question though - When they do the FR, do they analyze all your spend? Won't they be curious why you have so many $505.95 grocery purchases or $503.95 CVS purchases regardless of if you stay in your yearly income? That's part of the fear of FRs right? (Sorry I am new to this lol so ignore my ignorance.)
That IS the problem that you will run into. How one spends $X per MONTH when you may make only $X per YEAR will get called into question. They arent just checking to see if you lied on your app. lol The idea to say "Oh I have business expenses so this is normal" is silly...$505.95 and 5 grand at CVS repeatedly all month long easily shows not business spending. Anyone who tries to pull that should be instantly closed.
In a way i think a FR early on would be best simply because they would have only a month or two of spending to really look at.
I have seen reports of people get FR again a matter of weeks later.