Bookmark
home about us contact us faq sitemap
home
our products
Standard
Bad Credit
Speciality
Instant Approval
Merchant Accounts
Glossary
Newsletter SIGNUP
subscribe
credit cards faq/glossary
The most common questions asked about Credits Cards.
read more INFORMATION
Credit Card Glossary
a b c d e f g h i j k l m n o p q r s t u v w x y z
D
 
Debt-to-income ratio
definition
What does Debt-to-income ratio mean?

The ratio of any personal debt, along with credit card debt, to gross, or personal income is called debt-to-income ratio. This ratio is evident when a consumer attempts to apply for a mortgage.

A customer can be forced to pay a higher interest rate on a mortgage if his or her credit card debt is high, this can even lead to the individual to be denied mortgage.
Debtor Next Word
Previous Word Debt consolidation
  To Main: D