Originally Posted by
sdsearch
Not approval/denial per se, but over in the Chase forum I just saw some datapoint where Chase told someone that wouldn't allow them to have a total CL more than 60% of their income.
But, of course, every bank is different, and that may not be how BofA does things.
Good point. Banks can have purchase policies to limit customer exposure, but they cannot make credit approval decisions based on unadjusted income. Either way, saying "high income" doesn't add anything to the discussion.