Okay! So if one has a high DTI but it's not from cc's, might they be from high installment loan payments. i.e.. student, auto and etc.
3rd325 wrote:If I decline someone for DTI it mearly means that they, according to the guidlines established by my employer, can not afford the payment. In othe words my employer will not lend to them because even though they have steller credit chances are they will not make be able to make the payment and we will lose money.An example would be: I had a cust who wanted a loan but their DTI was higher than I was comfortable with. I stippulated that I would approve it if we paid off three credit cards bringing the DTI to 55%. The customer did not want to pay them off so I was forced to decline him.
Message Edited by 3rd325 on 06-06-2007 09:22 PM