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CONTRACTS: Example Contracts - CLICK HERE
30 Days to first payment on all loans.
Handwritten changes must be initialed by customer and dealer.
All contracts must be dated by customer and dealer in all applicable areas.
Contracts must itemize all charges. (Doc fee, title and tag fee, warranty, and gap.)
Contract must be assigned to COCC or CMCC.
CREDIT APPLICATION:
Must be filled out completely.
When filling out an application please provide landlord name and phone number or if the applicant is living with a relative, the name and phone number to the relative.
Have customer call ahead of time to advise of our call.
Name of employer and phone number to the main office or Human Resource department.
Must have a signed COCC credit application.
CALCULATING INCOME:
Divide the period ending date by 30. Example: period ending 10-07-077 divided by 30 = 0.23 Take the year to date gross income and divide by 9.23 If the year to date income is $29814.45 then the average monthly income would be $3230.00
PAYSTUBS: Example Paystub - CLICK HERE
Check for child support or other deductions.
Monthly income is based on year to date average.
PROOF OF PHONE:
All phone bills must show name, address, phone number and billing balance.
Landlines may be in anyone’s name at the customers address.
Family Plans must show customers phone number.
Pre-paid cell phones are accepted, but must be in applicants name.
PROOF OF RESIDENCE:
We prefer a utility or phone bill but will accept a bank statement or other mailed document.
A piece of mail (not the envelope) showing customers name, address and date.
Must show a date within 30 days of the contract date.
DRIVERS LICENSE:
Must be a valid license. No temporary permits or driving privileges.
Ohio Office: Ohio, Indiania and Kentucky.
Mississippi: Mississippi and Tennessee
INSURANCE:
Copy of insurance card or dec. page.
Name and phone number to insurance company or agent.
Maximum deductibles are $500 comp and $500 collision.
REFERENCES:
Personal references must have a home or cell phone number. No POE numbers are accepted.
No duplicate addresses or phone numbers are accepted.
Have customer call references ahead of time to advise of our call.
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