Financing Stipulations

Proof of Income

Employed by others, taxes withheld, not an owner of the business, receiving a pay stub or earnings statement:
  • A pay stub or earnings statement from the employer
  • If you can only access your pay stub on your company intranet you must provide:
    • A copy of the pay stub and
    • Proof of receipt of that specific pay stub in the form of a bank statement/transaction summary or live/cancelled check

Business Owner / All Self-employed / 1099 employees of a company:
  • Most recent three months consecutive complete personal bank statements from the same bank
  • If 1099 employee for a company may instead provide:
    • Cancelled checks (front and back) from prior three months

Business Owner (PayPal based) - Provide both of the following:
  • Most recent three months PayPal statements, printed at the store and
  • Most recent three months personal bank statements showing matching deposits

Rental Income:
  • Most recent two years professionally prepared and signed tax returns (form 1040 and Schedule E)

Military:
  • Military Leave and Earnings Statement

For the following nine income types provide two documents:

  • One document from Category A: Proof of Eligibility and
  • One document from Category B: Proof of Receipt

Category A: Proof of Eligibility (provide one of the following, not required to be dated within 30 days of purchase, must show amount of award):

Retirement / Pension1
  • Most recent eligibility letter from employer with amount and payment frequency

Social Security (SSI/SSB)1
  • Most recent eligibility letter from Social Security Administration stating amount and payment frequency
    • Note: If no documentation for proof of eligibility is available for this income source only, partner with a Sales Manager at the store
Investment Income (Structured Settlements, Annuities, etc.)
  • Most recent award letter or court document stating amount to be received
  • Note: If no documentation for proof of eligibility is available for this income source only, partner with the financial institution

Long Term Disability Insurance
  • Most recent award letter stating disability status and amount received

Public Assistance
  • Most recent award letter stating award status and amount received

Alimony2
  • Complete divorce decree / court order showing amount and payment frequency

Child Support2
  • Complete divorce decree / court order / custody agreement showing amount and payment frequency

Separate Maintenance2
  • Complete separation agreement / court order showing amount and payment frequency
1 - If the customer just began receiving Retirement or Social Security partner with the Sales Manager at the store.
2 - Alimony, child support, or separate maintenance need not be revealed if you do not wish to have it considered as a basis for repaying this obligation.

Category B: Proof of Receipt (In addition to a document from Category A above, provide one of the following dated within 30 days of purchase):

  • Most recent monthly statement from the income source (e.g. Social Security Administration, monthly statement from government agency or courts, etc.)
  • Most recent three months consecutive complete personal bank statements or pre-paid debit card statements showing deposits that match the award letter, court order, or court-issued document Cancelled checks (front and back) from prior three months

Reviewed 11/11/15

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