2024 October – Page 3

Calculate Your Debt to Income Ratio

Editor Debt-Credit Consolidation October 29, 2024

Click here to download following Calculate Your Debt to Income Ratio

Calculate Your Debt to Income Ratio from http://debts-consolidations.com
Enter income (before taxes) in green area.			Enter monthly minimum payments in green area.
Job # 1 __________________			Rent/mortgage
Job # 2 __________________			Auto loan(s)
Financial aid			Credit card(s)
Scholarships			Past-due taxes
Gifts/assistance from others			Student loan(s)
Other income			Other debt
Other income			Other debt
Total Monthly Income	$0.00		Total Monthly Payments	$0.00
http://debts-consolidations.com			Debt to Income Ratio	#DIV/0!
http://debts-consolidations.com			Debt to Income Ratio	#DIV/0!
If Your Debt to Income Ratio is
Less than 20%	You’re in excellent shape! Keep up the good work.
20% to 39%	Buying a home and other goals are within reach.
40% to 60%	Reduce debt to achieve your goals.
Above 60%	Eliminate debt now to avoid serious problems in the future.
Your debt to income ratio is a number lenders use to help determine your ability to take on more debt. The lower your ratio the better chance you have to be approved for a home, car or other loan.
					http://debts-consolidations.com

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