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Tag Archives: debt-to-income ratios

Some lenders getting antsy about household debt

Kelly Dilworth

If you’re already carrying a hefty amount of student loan, mortgage or credit card debt, you may have a tough time convincing your lender you deserve another loan. A new survey from the Professional Risk Managers International Association and FICO found that the majority of bank risk professionals cite high debt-to-income ratios (which compare how much debt you owe to how much money you take in) as their biggest source of worry when deciding whether to approve a new loan.
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