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Determining Your Debt-to-Income Ratio

Debt Guru

Use the same formula that lenders rely on when evaluating a loan application. The result is a percentage that determines your creditworthiness – in short, if lenders believe you’ll be able to repay the loan. Keep in mind that your ratio typically excludes mortgage and student loans.

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10 Common Questions About Bankruptcy

Debt Free Colorado

For ten years after filing for bankruptcy, lenders will be more reluctant to extend credit, and it may even be challenging to get employment. Meeting with a credit counselor should be your initial move if you indicated “yes” to a number of the aforementioned inquiries. Instead, take advantage of the U.S.