If you have bad credit and plan on buying a car there are a few documents you will most likely need when you close your loan at the dealership. These documents are commonly referred to as lender STIPs (stipulations).

Auto finance companies and lenders use STIPs to verify the data on your credit application such as income, phone number, and address (if you have bad credit you will have to prove the accuracy of every item on the car loan application).

Common STIPs needed to buy a car with bad credit: (Read More…)