See above. 
LOL! Had no idea about this thread! Iâm not alone! Cheers
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So you made 240k but then paid 100k in hospitalization? Do you work as a mercenary in Diamond fields?
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I spent 1 night in a hospital. They ran lots of tests on me. They thought I was having a heart attack. It turned out to be pnuemonia. I am lucky to have health insurance. The hospital sent the insurance a bill for $29k. I can see how a person could easily wind up with $100k in hospital bills!
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When car companies do credit checks do they look at dti or just credit scores?
I have 795 credit score but a 210k mortgage and 250k in student loans and a BMW lease with one year left for 450$ a month.
No real credit card debt just just revolving credit 2kish a month
My income is 160k and I was looking to lease a range Rover but those payments are like 1100 a month
What are the chances I get approved for it?
For decisioning theyâll look at your income and your existing obligations, but they donât get your income from the credit bureau (you provide it on the application).
FICO scores also donât consider income, only past credit behavior as reflected in the credit report thatâs scored.
Donât forget that they look at total Available Credit. So you might be revolving 2k a month but if you have 100k worth of credit on a credit card, they definitely look at that as an âopen loanâ.
Wait so youâre telling me they consider having a high credit limit against me? I have about 60k in available credit spread through about 7 credit cards
Yes, they count total Available Credit.
Just in case you go insane and run all the cards to the max at once.
Who is âtheyâ?
Donât worry about your limits.
Think about your balances and how much of your available credit they consume (ârevolving credit utilizationâ).
Available credit is not debt.
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Not going to get into an argument about total available credit, but it is looked at. Thatâs all I said.
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To be fair, that isnât all you said. 
Amount of available credit has never been a hinderance for me in obtaining installment credit, only in obtaining more revolving credit 
Between my wife and I we are probably an extreme case as we have $300k+ in revolving credit lines. All have been managed with extreme care over multiple years and we rarely (if ever) carry any kind of balance.
Yes I know how after someone asks me to explain, my next posts are taken apart.
Total Available credit is one of the items that a credit review looks at. Period.
What reason they are reviewing it depends on the company. Period.
My other statements do apply in SOME cases, maybe not in this one, so I shouldnât have mentioned it.
While those two split hairs (donât stop on my account)
A few points to make here
- credit score (eg FICO V2/8/9 from any of your three bureaus) is one element used to determine your eligibility, but not the only one. Itâs primary use (if it doesnât immediately disqualify you) is determining your interest rate/MF
- other elements that may affect a yes/no: total income, debt/income ratio, credit utilization, disqualifying negatives (eg Bankruptcy, open repo, specific history with that brand or captive bankâs parent)
- RRFS is Chase, and if you bank with them (especially Private Wealth clients), they can override your credit score with their own internal score
If the computer can make a decision, it will instantly; if not it goes to an analyst. If it gets declined, it can still go to an analyst for review.
Now in your situation, is the BMW in addition or being replaced by the RR?
IME, this is the most common impediment that existing revolving limits by themselves create, especially when youâre trying to get more credit from the same issuer where you already have credit extended. Some will only go up to a certain threshold.
Some really conservative issuers (like credit unions) do look at your other limits, and may decide that you already have enough credit from elsewhere⌠but these are generally awful places to get rewards cards, so who cares?
We all post stuff that isnât 100% accurate from time to time⌠certainly without intent.
I always appreciate a polite correction, because thatâs how I learn new things.
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Completely agree. Credit Unions are normally my go-to on auto financing and I try to combine inquiries for a credit card. Other than that there are very few credit union offerings that are worth it as stand alone for me.
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What are the payments on the mortgage and student loans that show up on your report?
Youâll be approved T1