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Income/Outgoings Ratio
Guderian44
Posts: 5 Forumite
in Loans
Hi
Does anyone have any idea what the sort of maximum Income/Outgoing ratio the banks will consider when making a loan decision?
Am curious to know what % is considered too much.
Does anyone have any idea what the sort of maximum Income/Outgoing ratio the banks will consider when making a loan decision?
Am curious to know what % is considered too much.
0
Comments
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Impossible to give an accurate answer. They are all different, mainstreet banks are quite strict, payday lender couldn't give a hoot.
As a general rule, you shouldn't be endebted over 50% of your Salary with unsecured borrowing.0
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