How much do I need to make to get a bank loan?

A few months ago I applied for a bank loan of $10,000 to pay off my credit cards. Unfortunetly I was unapproved and recieved a letter saying the reason was "Income insufficient for amount of credit requested." So how much do I need to make to get a loan? My yearly income is $23,500 and my credit score is 670.

Answers:
You don't make enough to qualify, and frankly, you had better think about debt consolidation and cutting up those cards. You sound like you have a beer income but a champagne appetitie!
your income for that much of a loan should be at least 45,000 to 60,000 yearly.
its not real base solely off yearly income. it is more closer to your monthly income, and time of loan. the bank in best intrest would like for you to make about 3 times a monthly payment. for a 10k loan for one year the payments is $833 a month. meaning you need to make about 2500 a month.
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I might be able to help.

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