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Keeping Your Debt Load Manageable: How Understanding Your Debt-To-Income Ratio Can Help

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Executive Summary

Keeping your debt at a manageable level is one of the foundations of good financial health. But how can you tell when your debt is starting to get out of control? You don't want to wait until you can't afford your monthly payments or your credit score starts slipping. Fortunately, there is a way to estimate if you have too much debt. The Debt-To-Income ratio (DTI) compares your monthly debt expenses to your monthly gross income. To calculate your debt-to-income ratio, first add up all the payments you make a month to service your debt.

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