The debt-to-income ratio is calculated by dividing total monthly debt payments by gross monthly income and multiplying the result by 100 to obtain a percentage.

Authors

• Person: Not available Organization: Sallie Mae
  What Debt-to-Income Ratio Means and Why it's Important - Sallie Mae

Sources

• What Debt-to-Income Ratio Means and Why it's Important - Sallie Mae www.salliemae.com Sallie Mae via serper

Referenced by nodes (1)

• debt-to-income ratio concept