
How to calculate your debt-to-income ratio, and why it matters
DTI is your monthly debt divided by your gross monthly income. Here’s what to know.
Allison Martin is a contributor to Bankrate covering personal finance, including taxes, mortgages, auto loans and small business loans. Martin’s work began over 10 years ago as a digital content strategist, and she’s since been published in several leading outlets, including The Wall Street Journal, MSN Money, MoneyTalksNews, Investopedia, Experian and Credit.com. Martin, a Certified Financial Education Instructor (CFE), also shares her passion for financial literacy and entrepreneurship with others through interactive workshops and programs.
DTI is your monthly debt divided by your gross monthly income. Here’s what to know.
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