First off these people have no idea how to calculate income. They use your bank statements for take…read morehome pay that you give them access and don't even come close to what you're actual income should be because their algorithm does not pick up all sources of income in your bank statement. Additionally, I said I can send them a year-end W-2 for 2023 or end of year paystub which is issued by my employer that would show what I made last year and they said they can't use W-2s or end of year paystubs unless Self-employed. First, a self-employed person does not get a W-2. A self-employed person files, tax returns based on self-employed income not a salary. They are not a W-2 employee of a company. Also, a self-employed person does not get paystub so they would have no end of year paystub to show them. Clearly they do not hire people with higher education who understand anything about finance. This company is trying to squeeze you in the door to give you the highest rate with the smallest possible loan just so they can close it.
The person I spoke to got frustrated when I tried to explain that W-2s are only for salaried employees not for self-employed people and that self employed people also do not get paystubs She wanted to tell me that I didn't know what I was talking about and got frustrated since clearly I had more information about financing than she did in her limited capacity to try and get a loan for me . She actually said these words "I don't wanna argue about finances, sir, and at this point, I thanked her for her time and hung up the phone. First off you shouldn't get frustrated with a customer on the call, if you find yourself getting frustrated you should say, can you put you on a short hold and take a breather and maybe ask a manager to help not just want to be right. They also should ask the manager or someone who knows something about taxes, who Self-employed and who is a W-2 salaried employee because this girl had no idea. They clearly are not a company that hires people that understand real finances. I was more than horrified by the actions of the person I spoke to, the actions of the company who clearly gives you a fake approval over the Internet, and cannot do their jobs.
If you're looking for any kind of personal loan, don't just walk away from this company run and never call them back they will take your money and whatever else you have to offer them and pretty much rip you off.