[redacted] [redacted] *** I’ve read over the response from Telhio and the steps they took was unnecessary and unjust This was a simple used car loan and all that was needed was check stubs to prove the income I purchased a car through another lender that was very satisfied with my income and did not request a thorough search of years of tax records I have had years of loans with Telhio and have paid them off with no late payments [redacted] with Telhio at the [redacted] branch helped us fill out the application for this loan He confirmed that this was not the process to request tax documents and felt that something was not as it should be and was concerned The income from the [redacted] is sufficient income for any lender without all the hassle Tax deductions should not have been a reason to decline this loan All [redacted] carriers right off items such as mileage, bags, and supplies That would be like saying that just because I have bills I don’t make enough money to buy a car, but of course I don’t have any bills so that wasn’t a factor That’s just ridiculous Thank you, [redacted] ###-###-####
[redacted] *** *** [redacted] [redacted] A review of the original loan application submitted to Telhio on June 24th, was conducted The original review for the loan resulted in the application being approved for the $9,request The application was presented with income from sources, [redacted] and the [redacted] The approval of the loan requires verification of the income earned and [redacted] presented a recent paystub from [redacted] along with & Joint tax returns The income for [redacted] was determined by using the gross income for the year equal to $as of 6/ This income was then broken down to a monthly amount by dividing the total by the months which it was earned The result for this income amounted to $per month [redacted] 's tax returns do show self employed income from Newspaper Delivery, as evidenced by his Schedule C accompanying the returns This is assumed to be derived from the [redacted] The net profit claimed is what is allowable for use as income The tax returns show a loss of $26,& $respectively for the years & To obtain an average income, these amounts are combined and then dived by the month period which it covers Unfortunately, the result is a -$per month The original income claimed on the application at submission was a positive $per month The verified amount was then combined with the [redacted] earnings and results in a positive income of $per month to qualify as income for lending purposes This amount was determined to be insufficient to qualify for the requested loan We believe that this is proof that the income claimed from the [redacted] was used in the qualification of the loan There is Wwages claimed on line of both tax returns Since this is a joint return, that income could represent earnings from both filers on the tax returns; therefor, the [redacted] income was determined by a recent paystub of [redacted] We believe that this addresses the concern and desired outcome from the complaint
[redacted] [redacted] *** I’ve read over the response from Telhio and the steps they took was unnecessary and unjust This was a simple used car loan and all that was needed was check stubs to prove the income I purchased a car through another lender that was very satisfied with my income and did not request a thorough search of years of tax records I have had years of loans with Telhio and have paid them off with no late payments [redacted] with Telhio at the [redacted] branch helped us fill out the application for this loan He confirmed that this was not the process to request tax documents and felt that something was not as it should be and was concerned The income from the [redacted] is sufficient income for any lender without all the hassle Tax deductions should not have been a reason to decline this loan All [redacted] carriers right off items such as mileage, bags, and supplies That would be like saying that just because I have bills I don’t make enough money to buy a car, but of course I don’t have any bills so that wasn’t a factor That’s just ridiculous Thank you, [redacted] ###-###-####
[redacted] *** *** [redacted] [redacted] A review of the original loan application submitted to Telhio on June 24th, was conducted The original review for the loan resulted in the application being approved for the $9,request The application was presented with income from sources, [redacted] and the [redacted] The approval of the loan requires verification of the income earned and [redacted] presented a recent paystub from [redacted] along with & Joint tax returns The income for [redacted] was determined by using the gross income for the year equal to $as of 6/ This income was then broken down to a monthly amount by dividing the total by the months which it was earned The result for this income amounted to $per month [redacted] 's tax returns do show self employed income from Newspaper Delivery, as evidenced by his Schedule C accompanying the returns This is assumed to be derived from the [redacted] The net profit claimed is what is allowable for use as income The tax returns show a loss of $26,& $respectively for the years & To obtain an average income, these amounts are combined and then dived by the month period which it covers Unfortunately, the result is a -$per month The original income claimed on the application at submission was a positive $per month The verified amount was then combined with the [redacted] earnings and results in a positive income of $per month to qualify as income for lending purposes This amount was determined to be insufficient to qualify for the requested loan We believe that this is proof that the income claimed from the [redacted] was used in the qualification of the loan There is Wwages claimed on line of both tax returns Since this is a joint return, that income could represent earnings from both filers on the tax returns; therefor, the [redacted] income was determined by a recent paystub of [redacted] We believe that this addresses the concern and desired outcome from the complaint