A Helping Hand For Michigan Families
Over 120 years of combined legal experience advocating debt resolution for our clients.
We look forward to earning your trust.
Budgeting Tool: Learn Your Debt-to-Income Ratio
There is no charge to use this budgeting tool and we do not see your responses nor are they saved or transmitted off of our site.
Calculate Your Debt-to-Income Ratio
It is important to understand your debt-to-income ratio, as it:
- Influences 30% of your credit score according to FICO
- Used by lenders to evaluate your eligibility for credit and interest rates.
This ratio will tell you how your monthly income compares to your monthly debt obligations. If your ratio is too high, this may indicate that your monthly expenses are becoming unmanageable. It may impede your ability to gain future credit and subject you to higher interest rates for future purchases.
Enter your information in the budget tool below to calculate your score. Below we offer ranges for you to evaluate your results and personal circumstances. If you feel there is room for improvement and wish to speak to one of our licensed attorneys about your options for improving your credit score and re-balancing your debt-to-income ratio, call us today at 866-261-8282.
We offer free consultations to discuss your finances, long-term goals and recommended steps for achievement. We welcome you at one of our six Michigan offices in Detroit, Ann Arbor, Dearborn, Southfield, Flint or Warren.
I would love to let you know about my experience with Kevin,Chris and Cindy. They gave my husband and I are life back. We have a list of life major hurdles. I can say without a doubt they were the only ones we could count on with truth and facts and promptness.…
My name is Patty Simmons and would like to say thank you to the team at Acclaim Legal Services. Myself and my husband filed Chapter 13 in 2009. It was a bumpy road for us initially, but our Attorney and Cindy Millns helped us through the process. After five years, we are finally done and could not…
I along with my husband would like to thank our attorney and Acclaim Legal Services for their outstanding service during our Chapter 13 bankruptcy. Stacy was able to push our home modification through smoothly and rapidly after failed attempts by my husband and me to work with our mortgage company…
When I started at Acclaim they were every helpful in explaining the things i need to know an what all the paper work i needed to get together. As i went through all the process on my Chapter 13 bankruptcy they kept me informed of all i need to do and to get for them. If…