Aycanta Forditt 🤣😂🤣😂🤣😂🤣😂

All those plastic cards can't buy you love!

Could use them to buy the house at 20% interest.

What does she need a loan for?

.....you name it...I got it......

all under different names.

Ahhhh, now we  see what happens after a breech OR

When someone has more money than they can spend EVERYONE wants to help.

Underwriters have molten lead in their veins, will not die of snake-bite and can lay down a barrier or hoop to be climbed or passed through and lose no sleep over it. When they approve you get the loan. Until then, scrutiny city!

I'm not an underwriter, I'm a San Diego REALTOR who's never too busy for your referrals!

I am not an underwriter but I have concerns that go beyond any potential lending issue. 

Are the cards paid off?

An underwriters concern is when will 5:00pm Friday get here.

The bright spot is Black Card; it's not for everyone. Maybe there is some real cash/assets behind this.

I'm not an underwriter, but wow, that is a lot of plastic.

WOW.... some people love their plastic....

Holy cow!  I thought I was bad with 4 cards!

Speechless.

I'm with Annette. I really thought that banks stopped doing that stuff? I guess not. 

Macy's ... the rif-raff card.

I’m not an underwriter, but have approved loans for many years. The problem with consumers is that they think the more credit cards, the higher your credit score is. No one needs this many cards, for any reason, period.

A good underwriter will look to see the potential of available credit, and might decide to decline a mortgage request based on that reason, even if they show no balances on them.  Think “Midlife crisis”.  The potential of this customer charging them to the maximum credit line would be of great concern on the repayment ability of your mortgage. As amortgage broker, I tell my customers to only have two or three cards. A Visa or MasterCard, American Express, and Discover card. That is all you ever need.

My immediate response is... are they all in your name?

Kevin,

I am always in scrutiny mode when it comes to $$$$$.  Cheers.  A

Fell off my chair laughing, Kevin.

Oh boy, so many credit cards.  

Do they all have a balance? 

Does the Federal Reserve balance his books too?

Lots of credit but no cash.

Not someone I would want to deal with.

I would be running as an agent

My ex wife is a underwriter and I would not ask her.

Why would anyone need 40 different cards, wow!!!

Going to have to have a George Constanza wallet to handle all those cards, Kevin J. May ... 

Gene

I think it would depend on the balances.

It could be a complete disaster requiring another cup of coffee or a bunch of zero balances complete with a sigh of relief

What are their balances and spending habits? I might want to see bank statements going back a while to see if they were all actively used or not.  If the balances were kept low and most cards were empty, I'd imagine a great score. If they were all in some state of constant use with minimum payments, I'd be worried. 

For the record, not an underwriter but a former Loan Officer for both mortgages and auto finance. 

Holy guacamole! How does one keep up with that many cards?! 

Good luck.

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