How do you assess Centrelink and child support income for consumer car loans?
Centrelink income must be combined with PAYG income. Single Parent Payments are accepted only until the youngest child reaches 14 years of age. We can accept up to 100% from centrelink.
JobSeeker, Youth Allowance and Abstudy is not acceptable income.
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Supporting docs:
Centrelink statement confirming entitlements being received. Current CSA statement (child support).
Bank statements may be required to assist with assessment when Centrelink and CSA income is greater than 30% of total income.