I was approved on Monday for a $25,000 loan/60 month loan. I sent my DL and paystub in that same day. I logged in today to check the status, and all fields ar completed except for the proof of income states "under review". On the dealer requirements all fields state "please fax". I did not receive any emails stating that they even received my required documents or the check is "activated" an ready for use. Is this the typical process? I called CS, they said I may shop for a car that the check is valid to use. I read that the sometimes Capital 1 will not honor the check if all requirements are not completed. Can someone let me know your experience including after purchase and how all was handled with dealer and payment.
I would log in also. Just to check the status of your requested stipulations. Once your income verification has passed the approval process then that block will have a check mark.
Check is no good to me, until all your areas are checked.
Our office staff handles the dealer part.
Thanks Marv. I'll wait until all areas are checked. I logged in... proof of income is still under review.
Hello mizzlady I just bought a car using the blank check and Marv is correct.
We got approved on a Tuesday night online, I faxed paperwork in the next day and it took about 4 days and I received the check in the mail that Saturday and we went to the dealer and bought our 2012 Ford Explorer.
They did not send out our check until all our stips were confirmed but I have read that some people have recieved their check before then and sounds like you have, I would do as Marv says and wait until everything has been confirmed before shopping because the check is no good until then, good luck and congrats!