Frequent Contributor
Posts: 265
Registered: ‎05-15-2009
Re: Income on Applications for Credit
[ Edited ]

cashnocredit wrote:

No. It does not require a bank to ask for HHI. If they just ask for "income" it is reasonable to interpret that as HHI. If they ask, and they are absolutely allowed to do this, for individual income then individual income is what should be used. Prior to this, banks were not supposed to consider anything but individual income.



5/2009 EQ-504(FICO), TU98-567(FICO), EX- 503 (FAKO)
10/17/11 EQ-633, TU04-652, EX-681 All lender Pulls
10/17/11 TU98-678
12/21/2012 TU98-677 (39% Util)
01/21/2012 EQ - 661 (37% Util) SW Alert