Loan applications for Retired persons

Home Forums Need Advice Loan applications for Retired persons

This topic contains 0 replies, has 1 voice, and was last updated by  Dave52 8 months, 2 weeks ago.

Viewing 1 post (of 1 total)
  • Author
    Posts
  • #164974
    Dave52
    Participant

    I’m retired and recently applied for a loan for an RV. The application asked for monthly income. My only regular monthly income is my Social Security check. I have considerable investments (as least they’re considerable for me) and when I need money I call my financial adviser and he takes care of it. Anyway I was turned down for the loan because of a lack of income, luckily I was able to go ahead and pay cash and got the RV anyway. So how do you address income on a loan application when you really don’t have a regular income?

Viewing 1 post (of 1 total)

The forum ‘Need Advice’ is closed to new topics and replies.