What exactly can banks find out about your employment status and income?
Some banks are more conservative than others. While some companies that offer credit cards simply ask you what your income is, others additionally require you to provide the name and contact information of your employer.
Do they actually make that phone call?
I’d imagine it depends on your credit score.
Do they have other ways of verifying employment status and income? What are they? And what kinds of information can they find?
For example, I’ve heard of companies that are hired specifically to dig up this information, but I wonder where the info comes from?
This question is in the General Section. Responses must be helpful and on-topic.