When you see the debt to income ratio on your credit report...how are they figuring your income? No where does it state or imply what my income is. Yet, the TU report says I am at 99%! Although this is grossly inflated, I do know that some accounts that have been closed for years are still showing as open. Even so, what do they know about how much money I make? SnakeMan
ROFLMAO Its debt to credit available ratio. ex - you have amongst all your open cards 10,000 in credit lines. Of that you owe 9,000-- you are at 90% utilization.
Re: Re: How do they figure your income? Hahaha, I don't get it. I have one Crapitol One card with most of it maxed out. This is how they are coming up with that figure? Do they not use installment loans such as auto's or mortgage loans to figure in to the debt to income ratio? SnakeMan
Re: Re: Re: How do they figure your income? Are you 99% utilized on it? I wouldn't think so - its closed end, no line of credit. Think it only applies if its marked revolving. You're fixated on this aren't you? 8)~~
Re: Re: Re: How do they figure your income? Ohh boy! Sorry! I get confused with all this "high tech" FDCPA mumbo jumbo! In fond rememberance of the skit from SNL "I'm just a simple caveman lawyer" SnakeMan
Re: Re: Re: Re: How do they figure your income? You're fixated on this aren't you? jlynn ===================== He must be because of the following lol Must've been using the wife's cc again. Cute jlynn You remembered. LOL
Re: Re: Re: Re: How do they figure your income? Guess you better give that CC back to your wife right! LOL
