The procedure to calculate a debt-to-income ratio is: (1) Add up all monthly debt payments, (2) Determine gross monthly income (the amount earned before taxes and deductions), (3) Divide the total monthly debt payments by the gross monthly income.

Authors

• Person: Not available Organization: Consumer Financial Protection Bureau
  What is a debt-to-income ratio? | Consumer Financial Protection ...

Sources

• What is a debt-to-income ratio? | Consumer Financial Protection ... www.consumerfinance.gov Consumer Financial Protection Bureau via serper

Referenced by nodes (2)

• debt-to-income ratio concept
• gross monthly income concept