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Updated almost 2 years ago on . Most recent reply

Adriel Cisneros's profile image
Adriel Cisneros's profile image
Adriel Cisneros
  • Investor
  • from Miami
  • Member since Apr 23, 2019
  • Posts 48
  • Votes 13
  • Experience 12 Yrs
  • Investments 1
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User Stats

48
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13
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Adriel Cisneros's profile image
Adriel Cisneros's profile image
Adriel Cisneros
  • Investor
  • from Miami
  • Member since Apr 23, 2019
  • Posts 48
  • Votes 13
  • Experience 12 Yrs
  • Investments 1
Connect
Adriel Cisneros
  • Investor
  • Miami
13
Votes |
48
Posts
Private Lending & Conventional Mortgage Advice

Will an unpaid collection and / or closed account count towards DTI ?

Adriel Cisneros
  • Investor
  • Miami
Posted

BP Family — 

How will a lender evaluate a FICO 8 score with numerous closed accounts? 

Is DTI only impacted by open revolving and non revolving accounts?

Alternative approach may rest with seller financing. 

AC


Los Angeles County, California
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Jared Rine's profile image
Jared Rine's profile image
Jared Rine
  • Lender
  • from Sacramento, CA
  • Member since May 20, 2009
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Jared Rine's profile image
Jared Rine's profile image
Jared Rine
  • Lender
  • from Sacramento, CA
  • Member since May 20, 2009
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Jared Rine
  • Lender
  • Sacramento, CA
270
Votes |
985
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Jared Rine
  • Lender
  • Sacramento, CA
Replied

@Adriel Cisneros...your DTI should not be affected by closed accounts if they don't require payments on them.

  • Jared Rine
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Jared Rine United Lending Partners
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