I need to get a personal loan but i have a high debt to income ratio?

by admin ~ January 20th, 2007 . Filed under: Personal Finance .
personal debt
kelly g asked:


However it is not a true debt to income ratio because i make at least double what my checks show. I make a huge part of my income in tips that i dont have to report. I report some but not all. So whenever i apply for a loan it looks like i dont make enough. Does anyone have any suggestions?

Noble Willick
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6 Responses to I need to get a personal loan but i have a high debt to income ratio?

  1. Moolanomy.com

    I hope the IRS doesn’t read Yahoo! Answers :-)
    Well, I guess that’s the price you pay for not paying your taxes.

  2. *Cara*

    You are supposed to be reporting ALL of your tips. This is what you get when you try to scam the system.

  3. JenS12

    That is why you should claim 100% of your tips instead of % of your sales.

  4. ktrb

    Sure, stop lying about your income. You can’t have it both ways; you can either cheat on your taxes and not qualify for a loan, or pay the taxes and qualify. It’s up to you.

  5. Kevin C

    debt is for suckers. don’t get a loan. pay cash.

  6. Jennifer

    Hi,
    I used “Credit Solution” to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It’s legitimate.I came across this company on NBC News Special Edition.Check it out here:

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