Self-Employed Consultant Faces HELOC Rejections Despite Strong Credit And Equity
A 63-year-old independent consultant with a high credit score of 790 and $500,000 in home equity has been repeatedly denied a Home Equity Line of Credit (HELOC) due to inconsistent self-employment income. Banks cited difficulty verifying his fluctuating earnings as the reason for rejection.
Topics: Credit scoring Debt management Home equity loans Self-employment income verification