How do I verify my income if I am a trader?
Posted: Thu Feb 20, 2025 7:08 am
If you have your own business, you are a trader and you do not have a fixed salary, a very common question is how to apply for a loan and prove income if you are self-employed. Don't worry, it is easier than it seems. And here we are going to explain what your alternatives are.
Let's start by understanding what proof of income is:
What is proof of income?
Proof of income is the most effective way to legally prove your income. What they don't tell you much is that your proof may vary depending on the economic activity you have.
For example: the proof of income of a freelance writer cannot be the same as that of an office employee, since they have a different nature.
Ways to verify income
Account statements
Since it is an official document issued by your bank in which you can review all the transactions such as income you have made and balances that need to be paid (in the case of a credit account), it will be an excellent way to verify your income.
You can check it in your bank account ivory coast mobile database request it at a branch with your official identification.
To use your bank statements as proof of income, make sure you have had deposits into your account every month for 3 months in a row.
Take into account the minimum income that the financial institution or bank requires to release a loan or credit, since it is the minimum that you will have to report as a deposit each month.
Let's start by understanding what proof of income is:
What is proof of income?
Proof of income is the most effective way to legally prove your income. What they don't tell you much is that your proof may vary depending on the economic activity you have.
For example: the proof of income of a freelance writer cannot be the same as that of an office employee, since they have a different nature.
Ways to verify income
Account statements
Since it is an official document issued by your bank in which you can review all the transactions such as income you have made and balances that need to be paid (in the case of a credit account), it will be an excellent way to verify your income.
You can check it in your bank account ivory coast mobile database request it at a branch with your official identification.
To use your bank statements as proof of income, make sure you have had deposits into your account every month for 3 months in a row.
Take into account the minimum income that the financial institution or bank requires to release a loan or credit, since it is the minimum that you will have to report as a deposit each month.