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How do you calcute debit to ratio?

Updated: 9/23/2023
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Wiki User

10y ago

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Your debt-to-income ratio compares the amount of your debt (excluding your mortgage or rent payment) to your income. To figure this out it is easiest to use monthly figures. Take you monthly bill amount and divide it by your monthly take home pay this will give you a decimal number which is your percentage of debt to income.

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10y ago
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Q: How do you calcute debit to ratio?
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