Sentences with phrase «debt on your credit cards divided»

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To find your debt - to - income ratio add up all monthly recurring debt that include mortgage and equity loan, car loans, student loans, minimum required payments on credit card debt and divide it by your monthly gross income.

Here's why you shouldn't: It can hurt your debt - to - credit utilization ratio — a fancy term for how much debt you've accumulated on your credit card accounts, divided by the credit limit on the sum of your accounts.

A person's DTI is calculated by dividing their total monthly debt payments, which includes credit card minimum payments, car loans, student loan payments and any other regular monthly debt commitments shown on your credit report by your gross monthly income.

Credit scoring partially relies on your «credit utilization ratio,» which is the amount of your credit card debt divided by your total assigned credit Credit scoring partially relies on your «credit utilization ratio,» which is the amount of your credit card debt divided by your total assigned credit credit utilization ratio,» which is the amount of your credit card debt divided by your total assigned credit credit card debt divided by your total assigned credit credit lines.