How do banks deal with this type of job situation

[OffshoreDrilling]

Buy a used c6 ZO6 if you are looking at spending 50g's on a car

 

[02BlueGT]

If your credit score is high enough, they often will not check, or need verification.

Meh, I was 20 with a consistent Job history.... I doubt my credit was that high back then.... I did have to show pay stubs when I bought my House, I guess they wouldn't just take my word for that one

 

[jason05gt]

I guess it depends on your credit history. I’ve never had to prove my income, but I guess if you needed to they would ask for your W-2. If I was a lender, I wouldn’t ask for pay stubs since that’s not an accurate way to judge income.

 

[DIESELDEEPTHROATER]

u could buy my honda for like a fraction of that and i replaced every damn thing on it and its in mint condition! damn rich people.

 

[Bob Kazamakis]

Nobody wants civics. Besides he has a camry....same difference.

 

[The Broken Regal]

fwiw, I have decent credit history, tho no major loan like a car or larger, but my score was 734 last i checked and when I was looking for a daily before my shitstorm from my townhome and regal build for a 10k used car even WITH 3k down they wanted either a cosigner or another 3k down, 6k total.. wtf im fucking top tier

 

[02BlueGT]

fwiw, I have decent credit history, tho no major loan like a car or larger, but my score was 734 last i checked and when I was looking for a daily before my shitstorm from my townhome and regal build for a 10k used car even WITH 3k down they wanted either a cosigner or another 3k down, 6k total.. wtf im fucking top tier

734 isn't top teir.... above 810 is top tier, but 6k down on a 10k loan, must have been an old car, or a very lame bank

 

[Bob Kazamakis]

Sounds like something is off or you were getting dicked around. Best bet is go to whatever bank you use for checking/savings. They know your history.

 

[The Broken Regal]

734 isn't top teir.... above 810 is top tier, but 6k down on a 10k loan, must have been an old car, or a very lame bank

wat, I thought 720+ is top?hmm maybe its 740+?

810, wtf, thats almost impossible if the scale only goes to 850 right

 

[radioguy6]

interest rates are so low right now...3.xx% damn... Wish I could refi but I dont owe that much to make it worth it.

 

[02BlueGT]

wat, I thought 720+ is top?hmm maybe its 740+?

810, wtf, thats almost impossible if the scale only goes to 850 right

Nah dude, not impossible, 740+ is good, but top tier, IE Walk on water credit, is like 810+ ( I could be wrong and it is 800+ or 790+, but it is up there) scale goes to 850, so you can get 850 :gtfo2:....

 

[syP]

Last time it was told to me.. it was 780.. when i bought my cobalt... paid that off $19,000.. then paid off my g8, 20,900... so after that ive paid off $40,000 in cars.. i can only hope my credit is over 800 now.

 

[Mook]

you guys getting your scores from equifax or transunion....b/c those tend to vary a lot...

mine did at least...pesky medical bills.

 

[Bob Kazamakis]

No clue what mine is

 

[Euro]

www.creditkarma.com is a good place to monitor it too. For freee

 

[Mook]

i used that for a bit...its not entirely accurate but gives you a decent idea of where you fall (it uses your transunion score i believe).

 

[Ron Vogel]

fwiw, I have decent credit history, tho no major loan like a car or larger, but my score was 734 last i checked and when I was looking for a daily before my shitstorm from my townhome and regal build for a 10k used car even WITH 3k down they wanted either a cosigner or another 3k down, 6k total.. wtf im fucking top tier

Same deal here. I was on-time with all bills, good income...higher than 750 score. I was turned down for a $5K loan on a scooter I planned on commuting with. I was like WTF?

Glad it was turned down though...I got laid off like 3-4 weeks after.

 

[Euro]

i used that for a bit...its not entirely accurate but gives you a decent idea of where you fall (it uses your transunion score i believe).

Yeah it is transunion I believe.

 

[Mook]

ya my equifax is higher than my transunion...fail

 

[blakbearddelite]

When I bought the G8 (May 2009), the finance guy just asked me what my income level was. I'm sure they did a credit check, and at the time it was a little over 800, I want to say around 805-810. I have zero credit card debt and had a mortgage for six years (never a late payment). But now that my mortgage is to my mom, I don't think I'm building up the credit since personal loans probably don't get reported to a credit agency. I just write out a check to her each month, so really no one knows if I paid on time or at all. The plus side is that if I ever had money problems, my mom will probably be more forgiving than Bank of America.

 

[Bob Kazamakis]

I just checked mine.....it sucks

690. Apparently my credit card is killing me. Probably cause I use it for everything then pay it off every month. Maybe I should get my limit raised.

 

[blakbearddelite]

I just checked mine.....it sucks

690. Apparently my credit card is killing me. Probably cause I use it for everything then pay it off every month. Maybe I should get my limit raised.

I don't think paying off the card is negatively affecting your credit. I never carry a balance and I have almost flawless credit.

 

[Euro]

Yeah paying off the CC each month should at least help you a little bit, not hurt you

 

[blakbearddelite]

The only thing I can think of is that you max your card out each month and pay it off. I think the creditors see that as a negative. I don't remember the rule, but it has something to do with having a maxed out card at any time. Credit reports are run at a given time. If it just so happens to be before you paid it in full, being that close to your max could hurt your credit.

 

[Euro]

Good point Mark. I didn't think of that!