Do I tell it all?

[currentlywinning]

When applying for a loan they ask if there is any other source of income, I have other "income" outside of my salary, do I tell them? It says its not requred, but will this help or hurt me?

[UpNComing]

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@currentlywinning wrote:

When applying for a loan they ask if there is any other source of income, I have other "income" outside of my salary, do I tell them? It says its not requred, but will this help or hurt me?

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If its provable I say use it.  Higher income shows the bank you have the ability to pay.  Holding back has no real advantage in this case.

[currentlywinning]

Thanks friend! I did tell it all. 

I also told about the medical collections I havent paid...NOT REALIZING I may have stuck my foot in my mouth as they are not reporting on all three CRA's! LOL

Oh well, I guess I will see what they say tomorrow when I go in

[UpNComing]

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@currentlywinning wrote:

Thanks friend! I did tell it all. 

I also told about the medical collections I havent paid...NOT REALIZING I may have stuck my foot in my mouth as they are not reporting on all three CRA's! LOL

Oh well, I guess I will see what they say tomorrow when I go in

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Don't worry.  You could tell the dealer that you repo'd five cars last month and they won't care if it doesn't show on your report.  Their only interest is to secure you financing.

[currentlywinning]

WHEW!!!! *wiping sweat from brow* thats a relief!

[webhopper]

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Don't worry.  You could tell the dealer that you repo'd five cars last month and they won't care if it doesn't show on your report.  Their only interest is to secure you financing.

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HAHA, I almost fell out of my chair on that one!