The percentage of The income you earn in a month before taxes and other deductions. It also may include rental income, self-employed income, income from alimony, child support, public assistance payments, and retirement benefits. that goes toward paying for your monthly housing expense, alimony, child support, car payments and other The regular periodic payment that a borrower agrees to make to a lender. debts, and payments on revolving or open-ended accounts, such as The ability of a person to borrow money, or buy goods by paying over time. Credit is extended based on a lender’s opinion of the person’s financial situation and reliability, among other factors. More cards.