Your current Debt to Income Ratio gives you a picture of your financial health. It measures the amount of your monthly income that goes towards debt. If more than 36% of your monthly income goes towards paying credit card debt or any other type of unsecured debt, it is an indication you have too much debt and will be considered a risky borrower by lenders. It is also an indication you may be struggling to maintain the amount required to maintain your credit card or loan payments.
