FlyerTalk Forums - View Single Post - Applying for Chase PERSONAL Cards (2020 - 2022)
Thread: Applying for Chase PERSONAL Cards (2020 - 2022)
View Single Post
Old Feb 10, 2022 | 10:18 am
  #747  
mia
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
10 Countries Visited
20 Nights
2M
20 Years on Site
 
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA, IHG & Marriott Platinum; DL & HH Gold
Posts: 51,830
Originally Posted by philemer
AFAIK Chase has no way of knowing....
I have no knowledge of Chase's practices, but there are vast databases beyond the credit bureaus that are available to help lenders verify this type of information:

Some Creditors Use an Employment Database
Another way that lenders and creditors can learn about your current finances is by checking an online database of salary and employment information. One such database is Equifax’s The Work Number, which provides employment data reports. These reports contain information about you from employers, including your:
  • current and past employers
  • income and deductions
  • whether you have insurance
  • average hours per pay period
  • pay increases (next scheduled and last), and
  • if you’re getting workers’ compensation.
This database contains payroll data on 100 million workers from over 600,000 employers in the United States
SOURCE: https://blog.nolo.com/blog/2020/05/1...g-your-income/

It may be that when the income you claim deviates significantly from the income they can verify the issuer ask for copies of paystubs or other documents.
mia is offline