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:
1. A copy of the pay stub 
AND
2. 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

  • You may not provide a paystub, POI must be in the form of:
    • Most recent three months’ consecutive complete personal bank statements from the same bank
    • If you have multiple accounts partner with a manager at the store
    • If you are a 1099 employee for a company you 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, accessed from an internet PC 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:

1. One document from Category A: Proof of Eligibility proving you are eligible to receive that income 
AND
2. One document from Category B: Proof of Receipt proving you are receiving that income

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):

                  i.          Retirement / Pension 1

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

                ii.          Social Security (SSI/SSR/SSS/SSD) 1

    • Most recent eligibility letter from Social Security Administration stating amount and payment frequency
    • Note: The SS eligibility letter is typically sent once a year at the beginning of the year

               iii.          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 a manager at the store

               iv.          Long Term Disability Insurance

    • Most recent award letter stating disability status and amount received
      • Note: Must be permanent or Long term (LTD)

                v.          Public Assistance

    • Most recent award letter stating award status and amount received

               vi.          Foster Care

    • Most recent award letter for each child showing applicant name, child name, amount and payment frequency

              vii.          Alimony 2

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

            viii.          Child Support 2

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

            ix.          Separate Maintenance 2

    • Complete separation agreement / court order showing amount and payment frequency

1.       If you recently began receiving Retirement or Social Security partner with a 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

Revised 4.11.17
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