What about a credit card? Say you have a limit of 20k, but you consistantly pay off between $2000-$5000 eachmonth for over 2 years, will that disadvantage someone who is going for loa loan?? I understand if someone doesn't fully pay their cardeach month but what if you do?
Some lenders will make an exception for responsible borrowers like that. If it can be shown that in the last 3 statements balances were fully paid, they can exclude it from servicing calculations.
Oh ok great. That does sound fair! Thanks.