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Determining Your Debt-to-Income Ratio

Debt Guru

The result is a percentage that determines your creditworthiness – in short, if lenders believe you’ll be able to repay the loan. It does include things like credit card payments, auto loans, medical bills, personal and payday loans, and any other collections you’re being assessed.

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8 Ways to Consolidate Credit Card Debt 

Credit Corp

Keeping track of multiple credit card bills can be difficult and potentially cause you to fall behind on payments or forget them altogether. Since payment history is the most important factor that influences your creditworthiness, not making payments on time can damage your credit score. You’ll need to pay closing costs.