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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 lender or dealer have to consider my part-time or retirement income?

Answer:

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.

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The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.