Credit information?

[tim]

I was told by my bank when applying for a loan that the 2 things that matter most is your credit to debt ratio and obviously that you make payments on time.

[Pimpin Dsmstyle]

Originally Posted by tim

I was told by my bank when applying for a loan that the 2 things that matter most is your credit to debt ratio and obviously that you make payments on time.

It's called "Debt to income ratio" and yes that is as important as credit according to a bank. Making your payments ontime is an A+ but people don't get outstanding credit scores just by making ontime payments. There are plenty of information out there, I just can't find it. All of the ads keep the real information hidden.

[tim]

Originally Posted by Pimpin Dsmstyle

It's called "Debt to income ratio" and yes that is as important as credit according to a bank. Making your payments ontime is an A+ but people don't get outstanding credit scores just by making ontime payments. There are plenty of information out there, I just can't find it. All of the ads keep the real information hidden.

Debt to income ratio is another thing they look at but completely different than debt to credit ratio.

[Pimpin Dsmstyle]

Originally Posted by tim

Debt to income ratio is another thing they look at but completely different than debt to credit ratio.

Yeah I thought you made an error before but I realized later on that it wasn't an error. I understand that it's two different things and important.