Line of credit increase denial TD bank
I applied for an increase to my line of credit to $50000 have $10000 limit. Went in person to Finnish advisor at TD. Have a long standing reputation with td 19yrs and have Been having my pay direct deposit through them for 19 yrs. Also owned a house with them.
The advisor looked through my file. Said there was a fraud alert and they have to do a new application. So was asked my income (Even though it is deposited to my chequing no weekly) was also asked for iD.
The Advisor then counted mu bi weekly pay amount on their system and said that there is a $7000 difference in the amount I mentioned and that
I need to send a copy of my pay stub and my t4s for the last 2years to confirm my income.
I complied with the request and ended up with a $2000 dollar difference then what I stated on my t4. All along the way I was assured that the credit limit increase will be approved. I even offered to close some of my credit cards with 0 balance and was told that I don't need to.
A week later I was told that a decision had been made and that they won't give me a credit increase $0??? And that I have too much available credit and not enough assets.
I have never been denied credit and am perplexed. Also was confusion assured that I would get the increase.