Loan Documentation
The typical proof of insurance and a signed credit application form in addition to documents required for an auto loan, bad credit lenders typically add additional items, called stipulations ("stips") that a bad credit car loan are required.
Typically, these requirements is a list of references.
Your reference to
Context, just someone who knows you. This person is a relative, friend, co-workers, or even your boss can be.
Typically, six terms to meet the needs of the subprime lenders.
Information needed to
In addition to the person's name, their address and phone number you (either home or work) will need to supply.
A tip: In order to save time for both you and the dealer's finance manager, you get your first list you want to visit.
One more thing: before putting it in a list, for them as well as their address and phone number of his name, be sure to ask permission to use. In addition, during the verification process they know they can be contacted by the lender in order to confirm that they know.
As we see it
It's a good idea with you a list of 6 references - complete with your address and phone number - when you first go to the dealer. When you do this with the application process moves more quickly and more smoothly.
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Friday, February 3, 2012
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