Does a lender or dealer have to consider my part-time or retirement income?
A creditor such as a lender or dealer cannot discount or refuse to consider your (or your spouse’s) income because it comes from part-time employment.
A lender or dealer 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 lender or dealer can consider the amount of the income and likelihood that it will continue.