Analyzing Liabilities

An applicant's liabilities regularly play a limiting role in the applicant's search for credit. The applicant's income establishes the maximum amount of credit that the consumer can carry; that applicant's liabilities chip away at that maximum. The current balances on certain liabilities may also harm the applicant's credit grade.

For example, an applicant's income may initially qualify him or her for a $200,000 loan. However, if the applicant has other major debts that require regular payments, the loan amount for which the applicant may qualify will decrease.

This article will review two areas of concern regarding the applicant's liabilities:

  1. Qualifying liabilities
  2. Types of liabilities
Avoiding Credit Card Disaster

Avoiding Credit Card Disaster

People who struggle with saving money and getting out of debt will find these things in common: They don't know how to stop blaming. They have no idea where their money needs to go! They don't know they need to forget the home equity line. They also don't understand they need to sell some investments. Many more problems untold. Well don't worry, With the strategies that I’m about to let you in on , you will have no problems when it comes to understanding how to get out of credit card debt.

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