The Picard Maneuver@piefed.world to People Twitter@sh.itjust.worksEnglish · 2 months agoHow could this happen? media.piefed.worldimagemessage-square158fedilinkarrow-up1963
arrow-up1963imageHow could this happen? media.piefed.worldThe Picard Maneuver@piefed.world to People Twitter@sh.itjust.worksEnglish · 2 months agomessage-square158fedilink
minus-squareAuth@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months agoSaying it is a massive part of loans is wrong. If you had 150k a year income and your expenses were 150k a year you would never get approved. Income is one thing they look at but i wouldnt say its a massive part of the equation.
minus-squarefishy@lemmy.todaylinkfedilinkEnglisharrow-up1·2 months ago…debt to INCOME ratio. Debt is important here, as is the other half of the equation. In your example, if the individual’s income doubled would they likely be able to secure another loan? I am not going to respond again, it’s not my job to educate you.
Saying it is a massive part of loans is wrong. If you had 150k a year income and your expenses were 150k a year you would never get approved. Income is one thing they look at but i wouldnt say its a massive part of the equation.
…debt to INCOME ratio. Debt is important here, as is the other half of the equation.
In your example, if the individual’s income doubled would they likely be able to secure another loan?
I am not going to respond again, it’s not my job to educate you.