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URL:  http://boards.fool.com/quotthe-guideline-at-my-best-priced-wholesale-30537748.aspx

Subject:  Re: Debt-to-income ratio if self-employed Date:  2/12/2013  8:42 AM
Author:  holhealthprac Number:  124736 of 127715

"The guideline at my best priced wholesale source is that 5% of the balance at the time the credit is pulled will be used to calculate DTI."

So, SOMETIMES, with some lenders, it DOES make a difference to go cash only for a while.

I would hate to give up all of the cash back I earn on those cards. The card I use most often can be paid off at any time, multiple times throughout the month. I could start a practice of paying it off once or twice a week for a few months rather than paying right before the due date. That should keep my average balance low enough.

I would be able to show 6 months worth of statements proving I pay off all of my cards every month if a lender asked.

Thanks for your help, CCinOC!
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