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Debt to Income Ratio

Debt to income ratio is a financial ratio that compares an individual's total monthly debt payments to their monthly income. Lenders use this ratio to assess an individual's ability to repay their debt. Continue Reading Below

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Learn About Debt to Income Ratio

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About Debt to Income Ratio

Debt to income ratio is a financial ratio that compares an individual's total monthly debt payments to their monthly income. Lenders use this ratio to assess an individual's ability to repay their debt. A high debt to income ratio may indicate that a person is carrying too much debt and may be at risk of defaulting on their payments.