cancel
Showing results for 
Search instead for 
Did you mean: 

Rent Amount Question

tag
Anonymous
Not applicable

Rent Amount Question

When you're filling out a loan/finance application (individual, non joint), when it asks for rent amount (if you rent your residence and live with multiple people, where you split the rent), Do you put your half of it? In my case, the rent is 1300/mo divided amongst 3 people = $433. Or is it recommended to put the full rent amount as if you are footing the whole bill yourself?

Message 1 of 5
4 REPLIES 4
Anonymous
Not applicable

Re: Rent Amount Question

I would assume that the intended interpretation is "How much do you pay for rent each month?"  You each pay $433.

 

The goal is to suss out how much of your monthly income is being spent on rent. 

Message 2 of 5
Anonymous
Not applicable

Re: Rent Amount Question

So in my case, I would put $433?
Message 3 of 5
OmarR
Established Contributor

Re: Rent Amount Question


@Anonymouswrote:
So in my case, I would put $433?

Yes.

 EQ=850   EX=845   TU=843       0/24       UTIL=$1    AZEO

Message 4 of 5
Anonymous
Not applicable

Re: Rent Amount Question

Thanks
Message 5 of 5
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.