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Old 10-05-2022, 20:49   #1
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Join Date: Apr 2022
Posts: 23
Financing

Hello all,

It seems we keep getting pushed back on purchasing a power boat.
A credit union in Lafayette states our debt-to-income is too high, but will not elaborate on how they came up with the ratio.
When I figure all my bills, add the cost of the boat, and they have a 600 'housing' addition they add to it all...it comes to about 30%...they are stating it is 75% which is ridiculous.

Anyone have this happen to them? Anywhere else I can turn to get a loan? My credit score is in the 700s and I have 20% to put down.

Just at a loss,
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