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We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

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Does a creditor have to consider my part-time or retirement income?

Answer:

A creditor cannot discount or refuse to consider your (or your co-signer’s) income because it comes from part-time employment. 

A creditor also cannot discount or refuse to consider income that is an annuity, pension, or other retirement benefit.  Like all other forms of income, however, a creditor can consider the amount of the income and likelihood that it will continue.

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