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Question By
captjohn

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Why doesn't Credit Karma consider assets?
If one has 100s of 1,000's of dollars in the bank or IRAs or TSPs or in gold or in other homes, cars and such one would think the ability to pay off debt would be a very important factor. However, from what I see this is not even considered.

Also a person making 250000/year carrying a small debt on their credit cards or car payments is not financially wise, but much more capable of paying those loans back vice one who is carrying a much lower monthly debt but making only 50000/year.

These credit scores do not show the entire picture.....

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As far as I know, income and assets aren't reported to the credit bureau, but both are considered by lenders such as applying for a mortgage or an auto loan. Even credit card companies will at least ask for annual income when applying.

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