What Is the Debt-to-Income (DTI) Ratio? The debt-to-income (DTI) ratio is the percentage of your gross monthly income that goes to paying your monthly debt payments and is used by lenders to determine your borrowing risk. KEY TAKEAWAYS The debt-to-income (DTI) ratio measures the amount of income a person or organization generates in order to service a debt. A DTI …

If you have a 401(k) plan through your employer and are in need of funds, you may be able to take a 401(k) loan. Borrowing from your 401(k) could provide a path to financial assistance without having to contact other lenders. However, there are also complex 401(k) loan rules and potential drawbacks to consider. To take out a 401(k) loan, you’ll want …

Consumers who checked their credit reports last year apparently found plenty that looked wrong. Complaints to the Consumer Financial Protection Bureau about credit reporting nearly doubled in 2022 from 2021, according to a report by the U.S. Public Interest Research Group, an advocacy organization. Issues with your credit report can hurt your credit score, which affects your ability to qualify for …