4 ms·
Income is required for any loan ranging from a personal loan, to a car note to a mortgage. Even renting an apartment requires proof of income! The only loan tha
by jdavis703 5y ago
Income is required for any loan ranging from a personal loan, to a car note to a mortgage. Even renting an apartment requires proof of income! The only loan that doesn’t require proof are student loans, and those are essentially impossible to default on.
- dragonwriter 5y ago> The only loan that doesn’t require proof are student loans, and those are essentially impossible to default on. They are trivial to default on. They are very hard to discharge.
- archildress 5y agoJust to be clear, my criticism is of the credit score metric, which I feel is disproportionately depended upon for credit worthiness. A credit score does not take into account income.