Debt to Income Ratio

October 19th, 2008

Credit bureaus don’t care about how much you make. You will not have a better credit score because you have plenty of money or a worse credit score because you have little money. One of the many points they check is your debt to income ratio. However much your debt is monthly should be under 20% of your net income to be considered good or excellent. More than 35% is deemed unstable. Typically the person with more money has a higher income to help with that ratio, but if they are in debt with a large percentage, they are worse off the person making a small income but has a small debt. The best credit advice: manage your debt in relation to your income following these percentage guidelines.

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Entry Filed under: Business

1 Comment Add your own

  • 1. Lingerie&hellip  |  March 28th, 2012 at 8:00 am

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    [...] Read More: ccartstudio.com/business/debt-to-income-ratio/ [...]…

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