Surviving Financial CrisesGetting Out of Debt |
What if my debt-to-income ratios are higher than average? Will a lender still give me a loan? |
Just because a lender qualifies you for a loan does not mean that you should take the loan. The lender may not care about your long-term financial success. Having worse than average debt income ratios means trouble on the horizon if not corrected, and should signal action on your part to reduce the debt.