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Credit lines are given based on stated income, not on credit score. A common problem in this industry is that non-working partners state their personal income i
by shuckles 7y ago
Credit lines are given based on stated income, not on credit score. A common problem in this industry is that non-working partners state their personal income instead of household income. Even if an applicant is approved due to strength of credit, the bank won’t underwrite a large line for low stated income.