DTI Ratio Calculation Question...

[Andy77]

Are installment loans (auto and personal) included to compile your DTI ratio?

or just credit card accounts?

Also, I I applied for (5) loans all within two days with various financial instituions, are those (5) hard inquieries considered one since it was all within a day or two?

Thank you

[Anonymous]

In mortgages-

Add all the min payments of ALL accounts-

Include installment accounts with more than 9 payments left-

If you applied for a mortgages or were coded for a Auto loan- then yes they would be counted in FICO as 1 INQ.

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Andy77 wrote:

Are installment loans (auto and personal) included to compile your DTI ratio?

or just credit card accounts?

Also, I I applied for (5) loans all within two days with various financial instituions, are those (5) hard inquieries considered one since it was all within a day or two?

Thank you

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[Andy77]

No, these inquiries were for personal loans so I belive they are just going to show up "Capital One" Feb. 22...etc...

So, therefore, will those count as 5 individual inquiries?

[Anonymous]

Yep-

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Andy77 wrote:

No, these inquiries were for personal loans so I belive they are just going to show up "Capital One" Feb. 22...etc...

So, therefore, will those count as 5 individual inquiries?

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