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Getting a Car Loan without Proof of Income

http://www.carloanskingston.ca/ Got bad credit or do not have proof of income to show for car loan? Contact us today.

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Getting a Car Loan without Proof of Income

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  1. Getting a Car Loan without Proof of Income

  2. Unless you can pay for your dream car in full, it would be hard for someone who works as freelance to get a car loan as lenders oftentimes ask for proof of income. The question now is, is there any other way for you to do to have a vehicle driven home?

  3. How to get approved for car loans without proof of income? Establish your ability to pay.

  4. Types of documents that can help you on this. Tax Returns. Your tax returns report shows your income subjected to tax payment; such suggests your ability to pay and be granted of loans. More so, the report for your tax returns for the last two years can be used as proof of your estimated income. Bank Statements. If you have bank statements, you can also present them to be proofs of your income. Lenders have the tendency to ask for different bank statements to see how you had your deposits done. This is a way for them to check if you have income coming into your bank that you can use for your payment obligations to them.

  5. Invoices and contracts Invoices and contracts can also be used in case you are having a hard time producing the first two mentioned documents. Your past invoices can be used to predict how much income you would have in the near future which you can use to keep up with your monthly payment with your lenders. • Recent mortgage statement • Utility bills • Business mails

  6. If you still cannot have the documents ready for now and you think you won’t pass the credit checking of your lender to avail car loans, do not give up yet. Car Loans Kingston is here to help you with this. We are trying our best to say “yes” to you though you have been declined by so many banks.  Our lenders normally require bank statements, paystubs , disability statements, letters of employment and notice of assessments. If you have these ready, you can at once visit us for further consultation. if you are yet to have them acquired, no worries, we can help you through the process. Get a personal consultation with us at 1429 Princess St. Kingston or dial our number 613.549.7353 to talk with us. http://www.carloanskingston.ca/

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