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 wanted to take a few moments and offer a sincere THANK YOU for all the hard work that everyone at Acclaim Legal Services has done so far on my Chapter 13 Bankruptcy case. As you know, this process has a lot of emotional attributes for the filing person and is not a position I ever foresaw.
Since…
Just wanted to thank you for all your help settling our deficiency with the bank.
After finding out the bank wanted us to pay the difference between what we owed them on the house and what they sold it for, I didn’t know which way to turn…the thought of possibly loosing our building kept…
From one very satisfied customer!
It has been very pleasant to have Chris Jones helping with the bankruptcy process. At first you think you know everything by reading few things here and there from various web sites. Then when you meet Chris in the first 30 minutes you realize that you really…
We just received our discharge on our Chapter 13 bankruptcy today. I want to thank the staff at Acclaim for all the help given during the past 3 years. Everyone I have dealt with was very knowledgeable and gave concise answers to my questions and in timely manner.