How do you figure debt to credit ratio?

Answer According to Investopedia, a debt to credit ratio (which is also called a debt to income ratio) is a calculation financial institutions use to assess lending risk. For this equation, a lender makes... Read More »

Top Q&A For: How do you figure debt to credit ratio

How do i calculate debt to credit ratio?

Determine the total amount of credit card debt you owe. For example, a person has two credit cards. On one credit card he has $800 owed and on the other he has $500 owed. His total amount of credit... Read More »

What is a good credit-to-debt ratio?

On One Hand: Less than 35 PercentAccording to, people who look at your credit score want to see a credit-to-debt ratio--known as credit utilization--of less than 35, and sometimes 30, ... Read More »

Is the debt-to-income ratio a factor in credit scoring?

Your debt-to-income ratio is not a factor in credit score. However, your lender may look at your debt-to-income ratio when considering you for a loan. Your credit score does factor in your debt-to-... Read More »

How to Cancel Credit Cards to Reduce the Debt-to-Income Ratio?

Your "debt-to-income ratio" is a numerical description of how easy it is for you to pay off your debt. Reducing your overall amount of debt by canceling and paying off credit cards will improve you... Read More »