The Picard Maneuver@piefed.world to People Twitter@sh.itjust.worksEnglish · 4 days agoHow could this happen? media.piefed.worldimagemessage-square155fedilinkarrow-up1949arrow-down16
arrow-up1943arrow-down1imageHow could this happen? media.piefed.worldThe Picard Maneuver@piefed.world to People Twitter@sh.itjust.worksEnglish · 4 days agomessage-square155fedilink
minus-squareAuth@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·3 days 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-up1·3 days 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.