If you are paid in an unrecorded manner, lenders will not be able to see your employment or your income. This can be incredibly damaging to the process of securing a loan.
Seattle, WA (PRWEB) October 01, 2013
For the average American, buying a vehicle without a loan is not an option. But various factors can make getting a good loan difficult. One such factor is under the table wages. Complete Auto Loans is addressing this issue in a recent article entitled "Auto Loans Harder With Under the Table Wages." It explains how receiving wages via hidden means can harm your ability to get a good loan, even though it seems like this can be an stress-free way to get paid. Follow this link to read the full publication: http://www.completeautoloans.com/under-the-table-wages/.
The first paragraphs cover the basic principles of getting good loan, namely by having a good credit score, but more is involved in getting the best deal. "Despite the benefits of receiving payment in cash without a paycheck, withholdings, W-2 or 1099, under the table income is unrecorded and therefore unable to be proven," the article explains. "More than anything, lenders want to see financially responsible behavior and a steady income. If you are paid in an unrecorded manner, lenders will not be able to see your employment or your income. This can be incredibly damaging to the process of securing a loan."
While under the table wages may not typically be thought of an important factor in securing a good loan, this article walks the reader through why it is important to receive wages transparently. Especially for those looking for a bad credit auto loan, the information in this article can save autobuyers a significant amount of money. By following the principles presented here, consumers are able to secure a better loan than otherwise while also improving credit score overall. Complete Auto Loans seeks to bring savings and ease to the buying process with informative publications like this one, as well as reasonable auto loans for those with poor credit history.
About Complete Auto Loans:
CAL provides bad credit auto loans online. Their unique finance platform can accept 100% of applicants, regardless of poor credit or even bankruptcy. By visiting their website, consumers are able to find the ideal loan for their personal financial situation, all through a quick and easy online process.
To apply for an auto loan, fill out their simple form at https://www.completeautoloans.com/apply-now2/.