What other things does the lender look for on account statements?

Lenders are frequently reviewing checking account statements for a pattern of overdrafts that would indicate that you are not managing your money well. Frequent overdrafts and/or NSF charges can be a red flag to the lender and could affect your loan approval.

Additionally, if you have an ongoing balance and are using your overdraft line too frequently, it can Indicate you don’t have sufficient cash flow to meet your obligations based on the income you receive.

Learn more: Asset Related Questions

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