Debt-to-Income Ratio Calculator
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 wife and I would like to thank you for your assistance in handling our bankruptcy. Believe me, it was very hard to admit that we had a serious financial problem. Thanks to the professionalism of all your staff, we have been able to overcome our embarrassment…
What a Wonderful Experience!
I just wanted to take a minute to let you know how very satisfied I am with the way my case was handled. From the very first phone call to the discharge “congratulations” email I received from Cindy Millns. I was scared to death to go…
First of all, we would like to thank you for all you guys have done. I appreciate the honesty, dedication and passion that you guys exhibited towards our case and answering my questions in a fast and complete manner. Given the situation, I know now I made the…