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Calculating Your Personal Debt-to-Income Ratio

debt-to-income ratio Calculating your personal debt-to-income ratio is fast and easy with the right tools. Consolidated Credit is here to help with this handy free debt-to-income ratio calculator. Simply use your budget to help you fill in the required numbers below and click “CALCULATE” to determine your DTI ratio. The information below the calculator can help you understand what your ratio means. We also recommend you return to this page to periodically check your debt ratio – particularly if there is a change in your income or if you have a period where you take on a large amount of new debt at once.

Once you’ve calculated your debt-to-income ratio, you can use the number to help determine if you need debt help. If you do need help, give us a call at 1-800-320-9929 today to speak with a certified credit counselor about your finances for free. You can also get started online with a request for a Free Debt Analysis.

Note: All values required below are monthly. If you receive your income and/or make payments on a different schedule, you will need to determine how much you pay on a monthly basis to enter the values below.

What Your Debt-to-Income Ratio Means

Now that you have your household debt-to-income ratio calculated, the next step is to use the ratio to determine your financial health. The following chart can help you better understand what your ratio means:

Ratio Meaning
DTI Ratio = 36% or less You have a healthy amount of debt for your income level. Use extra cash flow to build your savings and make sure to keep debt at a manageable level.
DTI Ratio = 37% - 42% Your debt is a little higher than it should be for your income level. Review your budget and use a debt calculator to help you determine the best way to reduce credit card debt so you can improve your budget and increase your available cash flow.
DTI Ratio = 43% - 49% You are approaching a point of financial distress and need to take action to avoid more severe problems with debt. Depending on your credit and financial situation, you may wish to consider do-it-yourself debt consolidation options or decide if you need to seek debt help.
DTI Ratio = 50% or more You need to seek help immediately to address your debt. This level of debt is too high to sustain over a long period of time and you need to find debt relief in order to avoid things like bankruptcy and foreclosure. Call us today at 1-800-320-9929 to speak with a certified credit counselor or get started online with a Free Debt Analysis.

We’re Here to Help

If you’ve calculated your ratio and it’s above 50%, you need to find the debt solution that will work best in your unique financial situation. Our certified credit counselors are experts at helping consumers find the most effective debt relief option for their needs. You can call Consolidated Credit at 1-800-320-9929 or get started online with a Free Debt Analysis.

If you’re still not sure if you need help, please refer to the next page in this section which has more details on Using Your DTI Ratio to Determine If You Need Debt Help.

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Coping with Financial Stress

If you're under financial stress, you may be arguing with your spouse or family members about money, experiencing headaches or panic attacks, hiding bills or receipts from family members, or finding it difficult to sleep at night. Your eating habits may have gone south, and you may find it hard to make it through the day. Use this guide to help you deal with your stress.

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"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

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