Lots of people are employing credit for tiny acquisitions such as for instance fuel and meals. In the event that you formerly paid money for those or any other little products, but they are now utilizing credit, maybe it’s an indicator that there’s a challenge.

High Debt-to-Income Ratio

Your debt-to-income ratio steps the quantity of financial obligation you have got against your earnings. It is possible to compute this ratio by dividing your total debt that is monthly (excluding mortgage/rent) by the total monthly revenues (before taxes). Continue reading →