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Performant Recovery, Inc. Alternative Documentation of Income v2 112116 For Rehabilitation Repayment Agreements SSN: ___Name: ___Address Line 1: ___ ___ Address Line 2: ___ City: ___State: ___ Zip
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How to fill out alternative documentation of income
How to fill out alternative documentation of income
01
Gather all sources of income such as bank statements, pay stubs, alimony or child support payments, income from rental properties.
02
Compile any supporting documents such as tax returns, profit and loss statements, or letters from employers.
03
Organize the documentation in a clear and logical manner for easy review by the requesting party.
04
Ensure all information is accurate and up-to-date before submitting the alternative documentation of income.
Who needs alternative documentation of income?
01
Individuals who are self-employed or have non-traditional sources of income.
02
Applicants for loans or mortgages who may not have traditional pay stubs or W-2 forms.
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What is alternative documentation of income?
Alternative documentation of income is a substitute for traditional income verification methods, such as pay stubs or tax returns, used by individuals who may not have access to those documents.
Who is required to file alternative documentation of income?
Individuals who do not have traditional income verification documents, such as self-employed individuals or those with irregular income, may be required to file alternative documentation of income.
How to fill out alternative documentation of income?
Alternative documentation of income can usually be filled out by providing detailed information about sources of income, such as bank statements, invoices, or letters from employers.
What is the purpose of alternative documentation of income?
The purpose of alternative documentation of income is to provide a way for individuals with unconventional income sources to still qualify for financial programs or services.
What information must be reported on alternative documentation of income?
Information such as income sources, amounts, frequency, and any other relevant details about the income must be reported on alternative documentation of income.
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