Tuesday, November 11, 2008

Bank Statements - Why Do They Need the Blank Pages?

Q: Why does a lender want to see all the pages of bank statements, even if some of them are blank?

A: The main things lenders look for are insufficient funds charges, car loans that are not reported to the credit bureaus (fairly common with credit unions), overdraft loans that are not on the credit report, and unusually large deposits. They also don't have any way of knowing a page is blank until they see it.

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