Blogs

What types of borrowers are most likely to need good credit in order to get financing in the first place? Lenders use a formula they call "discretionary income" to determine whether or not they will lend to you. Discretionary income is pretty much made up of two things: Your gross monthly income and how long you've had credit. As far as gross monthly income is concerned, the lender cares about how much you make over and above ..

What types of borrowers are most likely to need good credit in order to get financing in the first place? Lenders use a formula they call "discretionary income" to determine whether or not they will lend to you. Discretionary income is pretty much made up of two things: Your gross monthly income and how long you've had credit. As far as gross monthly income is concerned, the lender cares about how much you make over and above ..

What types of borrowers are most likely to need good credit in order to get financing in the first place? Lenders use a formula they call "discretionary income" to determine whether or not they will lend to you. Discretionary income is pretty much made up of two things: Your gross monthly income and how long you've had credit. As far as gross monthly income is concerned, the lender cares about how much you make over and above ..