Topic: Managing Debt

What is a Good Debt-to-Income Ratio?

What is Debt to Income Ratio So, what is the magic number for determining whether your debt-to-income ratio is high or low? Unfortunately, the answer varies based on a specific lending institution’s requirements and ...

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How Debt Consolidation Works

Debt consolidation can help you start the journey toward a smoother financial future by using a single low-interest rate loan to pay off multiple debts. Debt consolidation may take the stress out of having to manage and ...

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What is Debt Consolidation?

Debt consolidation is when you pay off existing debts with a new, single debt source such as a personal loan or balance transfer to a credit card, etc. By consolidating your debt, you pay off existing debts in full and ...

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What is Debt to Income Ratio?

Your debt-to-income (DTI) ratio is a personal finance measure that compares your overall debt to your overall income. To calculate it, the debt-to-income formula is: divide your recurring monthly debt payments by your ...

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