7 replies to this topic

[krazykotter]

I was wondering if anyone here that has rec'd a "blank check" from Cap1 ever had Cap1 check up on it with their employer. Do they always verify income and employment with the employer that you put down? Thanks

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[Mortgagase]

Good question! I don't have any personal experience with Cap One but many auto loans over many years and i don't recall every having to provide income verifications. All you got to do is call Cap One and inquire. I do know they have a minimum income requirement of $1800.00 a month but that may be reported income. If you find out let us know.

[snowpuppy]

Yep, they do verify.

I wasn't eligible for the check. I went to the dealer. They got me financed thru Crap 1 and asked for 2 current paystubs. I brought 1 with me, had to use their computer to print another. We use The Work Number for employment verification but they wanted stubs.

This was last Aug.

[krazykotter]

Thank you Snowpuppy. So, it sounds like they don't actually call and verify with the employer, they just want written evidence and that is good enough. My company has a number that I am supposed to give out, but it goes to a 3rd party payroll company. I didn't want Cap1 to call them because they don't respond very fast. I want to get this vehicle today.

[MarvBear]

Yes, they do.

[chicagorich]

Cap1 didn't ask for income verification or my employer phone number when I was approved last year. Perhaps their blank check employer verification kicks in over a certain loan amount. Mine was for $12000.

[prindia]

They didn't ask for verification till after a week having the car. They wanted my W2 from last year.