Bank statement review
Credit scores & reportsUsing bank statements to assess income and spending.
Overview
Statements show regular income, bills, and spending patterns.
They are used for affordability checks.
Why it matters
- It provides evidence of real spending habits.
- It can affect the size of a loan offer.
- It helps lenders assess risk.
FAQs
How many months of statements are needed?
Typically 3 to 6 months, depending on the lender.
Do lenders look at all transactions?
They usually focus on income, fixed costs, and large regular payments.
Related terms
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