Okay here's the deal, a week ago my car got stolen outside my own house. It's yet to be recovered and I live very close to the Mexican border so it's probably chopped up for parts. It was a dying old beat up 96 Honda Accord not worth more than 1,000. So in considering it gone I tried to go get a car loan. I'm a server for a restaurant, I depend on my tips as income and I make over 1,000 a month. I tried to pull 5,000 as acar loan over 66 months. Upon review, my credit score was acceptable but they declined me because they don't view "tips" as a source of income. They suggested I find someone to cosign which would have to be my father but he's not to keen on doing so (for good reason, who would?). Because it is income they are looking for what if he wrote me a check every two weeks and I deposited it as income as though I were paid for labor? That would then increase my monthly income and of course I'd pay him the exact amount in cash under the table for the biweekly checks he would write. Would this benefit me by chance? With the job that I have I'd be able to afford the 100$ increase in expenses from the loan I'm trying to receive, I find it absurd that I must apply my tips earned for federal taxes as "income" but when I need my "income" to benefit it's not all accounted for through the bank system.
