- Totally get it—had to explain a $12 Venmo for “taco run” last month.
- Feels like lenders want to know if you’re buying tacos or funding a secret side hustle.
- It’s wild, but I guess with all the fraud out there, they’re just covering their bases.
- Still, it’s a little much sometimes. I mean, who hasn’t paid a friend back for pizza or dog-sitting?
- Hang in there. If you can survive this paperwork circus, you’ll come out the other side with a good story (and hopefully a better rate).
Had to laugh reading this—when I was going through my refi in Dallas, the underwriter flagged a $20 Zelle payment labeled “plants.” Had to dig up old texts to prove I wasn’t running a greenhouse side gig. I get why they’re cautious, but sometimes it feels like overkill. Anyone else have to explain random Venmo stuff? Makes me wonder if there’s a way to make this process less... invasive without risking fraud.
Had a similar moment—mine was a $16 Venmo for “dog treats.” Underwriter wanted to know if I was running a pet-sitting biz. I get the fraud angle, but it’s wild how much detail they want. Is there really no middle ground?
Underwriter wanted to know if I was running a pet-sitting biz.
Had the same thing happen, except it was a $20 Zelle labeled “lawn.” Suddenly I’m a landscaper? I get that they’re trying to catch fraud, but it feels like they’re looking for reasons to say no sometimes. Is there really a risk in a $16 Venmo? Seems like overkill, but I guess that’s just the hoops we jump through now. Anyone else feel like they’re just inventing red flags?
Suddenly I’m a landscaper? I get that they’re trying to catch fraud, but it feels like they’re looking for reasons to say no sometimes.
It’s wild, right? Last year, I had to explain a $12 PayPal from my mom labeled “thanks.” The hoops feel endless. I get being cautious, but this level of nitpicking just seems like busywork. Are they really worried about side hustles that small?