Expenses are all payment commitments you have to make every month. Things like bills, groceries, and housing costs are your expenses. Things like loans and credit cards are classed as monthly debt repayments.
When you activate your Credit Health, we ask about these so we can show you insights to help you get money-strong. This helps you think about the impact on new credit before applying, giving you peace of mind and a higher chance of success.
To calculate your disposable income, add up all your income and take away your expenses and debt repayments. Lenders like to see financial stability for at least 6 months when considering you as a borrower.