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Updated over 7 years ago on . Most recent reply
Good Credit, High Income, Bad Delinquencies
Would it be a waste of time looking for a bank loan if you have 30, 60, 90 day delinquency that is now "CHARGED OFF" even with a good credit scores and high income? Any advice on lenders or banks who would overlook that especially in Florida?
Most Popular Reply
Shaun Weekes
- Loan Officer / Processor / Life & Health Agent
- Rancho Cucamonga, CA
- 757
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Originally posted by @Pearlita Gaskin:
Shaun Weekes Mines specifically is for a $18k private student loan that was finally "CHARGED OFF" in May 2016. Right now I have lawyers currently working on the loan but for the mean time, I just hope it doesn't greatly affect me in my pursuit of a loan.
18K of student loan debt will be calculated at 1% for DTI purposes. So an additional $180 dollars will count against you for monthly payment purposes.
I hope that this helps.