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AJ,

The underwriter on the Costco provider sent this email to the person that took the application:

Good morning,

We will need 3rd party Financials to continue underwriting this application. Thanks


Credit Analyst |Underwriter

Elavon


The person that took my application sent it on to me. With this note:

Please see notes below from underwriter.<?i>

I asked what that meant, she responded:

This means that the underwriter is requesting your last year taxes to base the service on. They may also accept profit, loss and balance sheets it available.

Why would I be a third party? Why would they even use that term? It would make more sense if they said "We need applicants Financials."

I asked at our bank, the manager said she's heard of them asking for credit card processing statements from the previous processor, but never financials.

Jean
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