Credit Cards Center Credit cards from our partners
Reply
Highlighted
Established Member
Posts: 22
Registered: ‎02-13-2012
0

BMW Financial: Do they require paystubs?

Hey guys, the dealer told me I was approved by BMW Financial for a 29k loan at 1.9% for 60 months!!  My question is, those of you who have financed through them or have knowledga about them:  do they ask for paystubs?  I can get them if I need to, but I would have to have my employer have them reprinted through their payroll service.

 

Thanks for all the advice here, you guys helped me improve my credit in less than a year!!!

Starting scores 2/13/12: TU - 575; EQ - 555; EX 590 (EX was BofA pull)
Current Scores 6/07/12 TU - 713, EQ - 628, EX 663 (All lender pulls)

EQ Fico jumped 48 points in one month by adding BofA secured card (Had no revolving accounts on CR at all at the time)
Frequent Contributor
Posts: 673
Registered: ‎04-23-2009
0

Re: BMW Financial: Do they require paystubs?

Not sure why they would ask yor for them after you were already approved?? 


Starting Score: EQ FICO 777
Current Score: EQ FICO 803
Goal Score: EQ FICO 810


Take the FICO Fitness Challenge

Member
Posts: 19
Registered: ‎04-21-2012
0

Re: BMW Financial: Do they require paystubs?

Hey! I was just approved through Mini and they did ask for proof of income. So I guess I can say the request is legit since BMW and Mini are under the same umbrella.
Member
Posts: 19
Registered: ‎04-21-2012
0

Re: BMW Financial: Do they require paystubs?

Quick question, how much did you put down? I hope you do not mind my asking.
Member
Posts: 7
Registered: ‎05-21-2011
0

Re: BMW Financial: Do they require paystubs?

No, you shouldn't have to provide a paystub to them.  My wife was approved through them and she didnt have to provide any paystub.  I don't know if it was because of her car history but we was in and out within a hour and a half. 

Regular Contributor
Posts: 163
Registered: ‎02-07-2008
0

Re: BMW Financial: Do they require paystubs?

No stubs for me.

 


Starting Score:EQ 560t> TU 560EXP 570
Current Score:EQ 674t> TU 697EXP 700
Goal Score:EQ 700> TU 700EXP 700>

Take the FICO Fitness Challenge
Valued Member
Posts: 25
Registered: ‎06-01-2012
0

Re: BMW Financial: Do they require paystubs?

They have never asked me for paystubs. I'm on my 6th loan with BMWFS, and I can say-- they have excellent customer service.

If you never burn them, they will always approve you for another, even if your other credit is borderline.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.