Child support payments affecting DTI?
09-11-2012 10:06 AM
Is it absolutely necessary to mention child support payments on Auto loan app? I pay monthly over 100k. with child support my DTI is 26%. Concerned that I make more than enough money yo cover the 2nd car loan and keeping up with my savings. Just afraid they could reject the loan. My current wife credit is not good so she cannot get anything in her name. So I have to finance in mine and already have a truck payment?
Any issues with this? I have a court order but I pay support by mail each month. Nothing coming from my payroll anymore. need avice whether I should worry either way. thx
Re: Child support payments affecting DTI?
09-13-2012 08:02 AM
I meant earn over 100k yr. not pay 100k a month in support
Yes, it is necessary to mention all of your payments in the app for a new loan.