Personal loan with high DTI

[babbles]

Any suggestions on any lenders who will lend with high debt with outstanding credit, 740 plus?  I'm trying not to waste an inquiry on someone that will not approve.  Thanks.

[Anonymous]

People here may be able to give you better insight if you tell them what your DTI is and how you calculated it.

Below is an excerpt from an article I found just now by googling lenders for people with high DTI

     https://www.savvyoncredit.com/personal-loans-high-debt-income-ratio/

It focuses for its first strategy on ways to reduce one's DTI so that you could use a conventional lender.  Then it suggests your approach as a second strategy.

[babbles]

Wow thanks for that.  I think I am at 58%.

[Anonymous]

Subprime very high interest ones.

What do you need the loan for?

[babbles]

Selling my home, need repairs, and don't want to tap into any equity.  Need about 6k - 7k. I would use any proceeds to pay back within 6-7 months.

[Anonymous]

Might be smart to discuss with your agent if it makes sense to do repairs.  The last home I repaired I sold without an agent and I had to either put $10,000 into the roof or sell it for $6,000 less.  Made more sense to sell it as-is than repair it for a bigger loss.

[babbles]

Tried that last year and didn't work.  Definintely needs new carpeting painting througout the interior.   That's just what I know of, I replaced the roof June 2015.  I will discuss with the assigned agent.

[Anonymous]

Home Depot or Lowes CC in-store app, tell them what you want and let them work with the app department to get you approved.

[babbles]

yes I may try  HD or lowes.  Is it just for repairs at their store?

[Anonymous]

You can get pre-approved for HD online (link in my signature) but you may get a better CL apping in store.  Might want to do the preapproval online but don't apply.  Lowes is Synchrony, also may get a better CL in-store.