Goldin income verification

[rats60]

Originally Posted by OhioLawyerF5

A car dealership is still verifying your creditworthiness, even if you've bought 15 cars in the past. Am I living in a bizarro world in this thread? I can't believe how sensitive people are.

If you don't like it, take your business elsewhere, but we need to stop pretending it's an unreasonable business practice.

I have never had to provide bank statements to buy a car or get a credit card. They pull your credit report to see that you pay on time. My local bank even gave me a home mortgage without needing income verification. I had been with them for several years and they didn't sell their mortgages.

Every auction house I have registered for has requested hobby references, similar to running a credit report. I have never been given a credit limit. I have spent over 10k with most of them. I have spent over 100k with one. If you have a history of paying for what you win, shouldn't that be enough?

[OhioLawyerF5]

Originally Posted by rats60

I have never had to provide bank statements to buy a car or get a credit card. They pull your credit report to see that you pay on time. My local bank even gave me a home mortgage without needing income verification. I had been with them for several years and they didn't sell their mortgages.



Every auction house I have registered for has requested hobby references, similar to running a credit report. I have never been given a credit limit. I have spent over 10k with most of them. I have spent over 100k with one. If you have a history of paying for what you win, shouldn't that be enough?

I don't own an auction house, and don't have to justify it to you. Why don't you ask Sotheby's or Christie's why they do it.

Again, I'm not judging whether it's appropriate or necessary for them to do it. You and others have repeatedly missed my point. I am not an auction house and don't sit in their board room with their financials and lawyers discussing the merits of the decision to request income verification. They may or may not have good reason for it. That's irrelevant. My point is, and always has been, even if you disagree with it, or don't want to do it, it is NOT a personal attack, and taking it as a personal insult is objectivity unreasonable.