Re: Proving income for new job[ Edited ]
11-16-2012 08:06 PM - edited 11-16-2012 08:09 PM
Hi! This scenario reminds me of when I bought a car in 2009. I knew I would be leaving my employer to take a new job... but I didn't have a car because my old employer always provided me a.company truck. Salary was going from 52k to 75k plus 20% bonus. I knew there was no way I would be approved for a car loan if I had only been on the new job for less than a week. So basically I applied for the car loan and got the car based off the old salary. My salesman knew I was hoping to get an offer but that it hadn't been made yet.... so I got the car and two weeks later I got the offer. In your scenario; I would send them the signed transcript request that they want, along with a copy of your offer letter and degree. I would also include a letter indicating that you were confused about whether to list the previous job income or new job income but to please consider whichever income is appropriate when determining the initial credit limit. Also keep in mind that some lenders do not consider AU cards and will actually use a score that ignores these cards when determining whether to issue credit. It would be a mistake to assume that all lenders would give you a card based on your AU status.... sure it helps but banks are shying away from relying on scores from really thin files containing AU accounts.
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