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Debt-to-Income: Is it as important as a credit score?

What is debt-to-income, and how do I calculate it? Debt-to-income (DTI) ratio is a financial metric that compares an individual's total monthly debt payments to their gross monthly income. It is used to evaluate an individual's ability to manage their debt and is an important factor that lenders consider when…
Consumer First Financial
December 29, 2022
Consumer Creditcredit cardCredit CardsDebt Relief ProgramsDebt SettlementFinancial AdvicePersonal FinanceUnsecured Debt

The High Interest Debt Trap: Minimum Payments for Life.

High interest debt is great for your creditors, but not for you. Once a month, your credit card bill shows up. Depending on if you have this cost covered in your budget, sometimes it’s a surprise. Consumers have shifted over the years to using credit cards as cash, accounting for…
Consumer First Financial
December 20, 2022