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How do other blackhat members provide proof of employment?

Discussion in 'BlackHat Lounge' started by jakeparker, Dec 10, 2012.

  1. jakeparker

    jakeparker BANNED BANNED

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    I recently went and filled out a loan for a new car. I have done this in the past where I do not put myself as self employed, I just put myself as working for my own company. I usually do a letterhead from the company providing proof and verification of proof of employment. But not this loan company, they are wanting more proof sent to them on the business. Such as the business license. What can I do for this to work if I do not have a business license in this business name? is there any other way to "bypass" this part or to send in some other type of verification that would work?

    It is hard being self-employed in a economy filled with debt. I make more then enough to afford this vehicle and have provided bank statements but I am stuck at the "provide business license" part of the deal.

    Any suggestions or ideas would be appreciated. Thanks
     
  2. KeyzDT

    KeyzDT Power Member

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    w9 forms? tax ID? LLC? theres many ways you can show proof of employment. Its wierd how you say your not self employed when you are working for your own company...thats self employed for the most part unless you dont tell them its your company you work for. If you do that then why hide it?
     
  3. Chizz

    Chizz Junior Member

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    So that is why you need a loan to buy the car? My advise, save up so you can purchase the car cash, and you dont have to deal with any of that shit again.

    You are complaining about an economy filled with debt, yet you contribute to it yourself...
     
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    Last edited: Dec 10, 2012
  4. mightybh

    mightybh Jr. VIP Jr. VIP Premium Member

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    Why don't you register a company? Pay yourself salary + dividends. Then you are considered to be in full time employment. All you can do at the moment is look for a different loan.
     
  5. loclhero

    loclhero Supreme Member

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    ^^ What Chizz said. The fact is that you ARE self employed. I assume you file your taxes as a sole proprietor. Ask the loan company if your last 2 or 3 years worth of tax returns would suffice.
     
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  6. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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  7. -Jericho-

    -Jericho- Jr. Executive VIP Jr. VIP Premium Member

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    If you're an employee of your own LLC or Corp and you pay yourself a salary that is proof. If you are not than you are a sole-proprietor and you should have a fictitious name filed as well as a SS4 for a tax id if you are in the US.

    If you are a legit business you should have paperwork showing this. Otherwise you are simply a schedule C tax filer which is a bad way to do business and you will be more likely to get audited as you make money.
     
  8. wowhaxor

    wowhaxor Executive VIP Premium Member

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    Taxes and also I usually bring in 6 months of bank statements and highlight deposits as well as your current balance. This works for me on most everything (I will admit I've never tried to get a loan for a house or anything that large) from buying cars to renting homes, etc.
     
  9. LBrown

    LBrown Senior Member

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    +1 for paying cash. That's all the proof of income anyone ever needs.
     
  10. Simas9

    Simas9 Jr. VIP Jr. VIP Premium Member

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    You can not afford it if you need a loan for that.
     
  11. redrubies

    redrubies Supreme Member

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    I have filed a tax return for over 20 years, so that's all I need as proof. But I am not one for loans and would rather save up and pay cash.
     
  12. b1step-ahead

    b1step-ahead Power Member

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    Before 2007 i would say that you had a good shot at this with little or no documentation. I have some experience in the auto loan world, even the buy here pay here dealers- dealers that provide self financing need some type of documentation. We call these the stips, a paycheck, address verification, bank statements etc.

    -Times have changed. You need to try crowd sourced financing like prosper or lending club
    -Last time I checked, a subprime auto loan would require at least a 580 credit score 3-6 months of employment, a address you can verify. Don't forget the high interest rates.
     
  13. tomsko

    tomsko Regular Member

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    Haha this got to be my favorite quote on BHW
     
    Last edited by a moderator: May 18, 2016