Hey has anyone ever gotten a new or used auto loan? When applying do you have to provide E-LOAN with pay stubs? do they verifiy employment? or do you just put in your employer on the online application and it's just stated not verified? I get Paid Cash!!!
I would assume they would need to verify some sort of employment. We're applying next week, so if you don't find out by then, I'll let you know.
We did this in April with a new car loan. We had to bring copies of 2 paycheck stubs with us when we actually signed the bank draft at the dealer. We also had to bring a copy of our utility bill to prove residency. I think that was it though.
Re: Re: Does E-LOAN Ask for Pay Stubs? all they did for me is call my work... I answered the phone, but had to get a co-worker to get on the line to confirm employment. that was it- no paystub required.
Re: Re: Does E-LOAN Ask for Pay Stubs? FOR SECURITY REASONS we can only say that a person is currently employed or not...
Re: Re: Does E-LOAN Ask for Pay Stubs? I think part of it depends on your score. If you have a high score they probably don't need as much proof.
Re: Re: Does E-LOAN Ask for Pay Stubs? What bank is it? I went threw household. At the time my score was 696. They didnt want any proof of employment. It really depends what your score is. If its too low they will want a ton of crap. When i applied 2 years ago my score was 612. They even wanted References, among other things.
Re: Re: Does E-LOAN Ask for Pay Stubs? I think if your score are in the mid 700's and up then they will do a no doc loan just like they do with mortgages.
