What Do Debt-to-Income Ratios Have to Do With Your Credit?

You probably know that your debt-to-income ratio (DTI) is important, but do you know how it’s calculated and how it’s related to your credit? In this video with credit expert John Ulzheimer, learn all about DTI ratios and your credit.

TIMESTAMPS
0:00 Intro
0:35 What is DTI?
1:07 How is the DTI ratio calculated?
1:32 The sum of your minimum payment requirements
2:07 Example of how to calculate a DTI ratio
2:55 How do lenders use DTI ratios?
3:06 What DTI do you need to qualify for a mortgage?
3:22 Is your DTI connected to your credit reports or scores?
3:52 The relationship between DTI and your credit report
4:35 What target DTI ratio should you aim for?

ABOUT CREDIT COUNTDOWN
Credit expert John Ulzheimer shows you how credit works. Having worked in the credit industry for nearly three decades for companies such as FICO, Equifax, and Credit.com, John Ulzheimer is one of our nation’s most sought-after credit experts and the leading authority on credit-related topics.

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