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The Second Regency, Inc. REALTORS 5085 N. Maize Road Maize, Kansas 67101 Office (316) 729-0001 Toll Free (866)624-9357 |  |
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Types of Alternate Credit Sources |
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| Sources of Alternate Credit : | Length of Time | Proof of Payment or Type of Receipts | ||||
| Payments for Rent to landlord, apartment complex, hotel, or motel. | 1 to 2 years history | Cancelled checks and/or money order copies OR a letter from landlord (if not private) that there were no 30+ day late payments and the account is in good standing. | ||||
| Payments for Rent to family members or friends for the purpose of renting or boarding. | 1 to 2 years history | Cancelled checks or money order copies. | ||||
| Utility Accounts for water, gas, electric, fuel, trash, telephone, cell phone, cable, or internet. | 1 year history | Letter from account holder stating no late payments and the account is in good standing. | ||||
| Payments of Automobile Insurance Premiums. | 1 year history | Letter from account holder stating no late payments and the account is in good standing. | ||||
| Payments of Personal Property Taxes. | 1 year history | Letter from account holder OR statements and cancelled checks and/or money orders. | ||||
| Payments of medical bills, physicians, dentists, or clinics. | 1 year history | Letter from account holder stating no late payments and the account was paid in a timely manner. | ||||
| Payments of tuition to local schools (could include college for borrower or tuition for children). | 1 year history | Letter from account holder stating no late payments and the account was paid in a timely manner. | ||||
| Child care payments to individuals, schools, and day care businesses. | 1 year history | Letter from account holder stating no late payments and in good standing OR billing statements and/or cancelled checks. | ||||
| Payments to neighborhood or local businesses (rent to own, hardware, furniture, appliance stores) | 1 year history | Letter from account holder stating no late payments and in good standing OR billing statements and/or cancelled checks. | ||||
| Payments to family and/or friends for loans or personal receivables. | 1 year history | Letter from account holder stating no late payments and the account is in good standing. | ||||
| Payments to child support or alimony. | 1 year history | Account statements. | ||||
| Payments to savings accounts, 401K accounts, or Cobra payments (not payroll deductions) | 1 year history | Account statements. | ||||