Good Credit Management

Home > Bad Credit, Credit Score, Credit Repair Forum > Good Credit Management Topic: Good Credit Management (Post your comment) Here are the latest comments from our readers about Good Credit Management Read them all and submit your own comments Cre says: How To Calculate Your Debt To Income Ratio It's not very hard to calculate your debt to income ratio. all you have to do is make two simple lists and be honest with yourself. First add up all your montly debt payments: Monthly mortgage payment - include property taxes and insurance of the rent if you rent Monthly home equity line of credit or loan payment Monthly car payments Monthly revolving credit payments like furniture, appliance loans, etc. Monthly student loan payments Monthly minimum credit card payments times two Other monthly loan amounts Monthly child support payments Next, add up all your monthly income: Monthly net (take-home) pay Annual bonuses and overtime, divided by 12 Other annual income, divided by 12 Take the total monthly debt payments and divide it by your total monthly income. The result if your debt to income ratio Reply to this message | Permalink Twitter  Facebook  More   « Previous Topic     Next Topic »     View all Topics | View All Messages   < Previous Topic | Next Topic > View: Simple | Summary | Expanded As: Threaded | Msg List