topic Re: Rent Amount Question in General Credit Topics

Rent Amount Question

Anonymous — Wed, 07 Mar 2018 01:10:40 GMT

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?

Re: Rent Amount Question

Anonymous — Wed, 07 Mar 2018 01:50:13 GMT

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.

Re: Rent Amount Question

Anonymous — Wed, 07 Mar 2018 01:53:24 GMT

So in my case, I would put $433?

Re: Rent Amount Question

OmarR — Wed, 07 Mar 2018 02:54:21 GMT

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

Yes.

Re: Rent Amount Question

Anonymous — Wed, 07 Mar 2018 03:00:26 GMT

Thanks