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Determining Your Debt-to-Income Ratio

Debt Guru

The result is a percentage that determines your creditworthiness – in short, if lenders believe you’ll be able to repay the loan. It does include things like credit card payments, auto loans, medical bills, personal and payday loans, and any other collections you’re being assessed.

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Does Debt Relief Hurt Your Credit?

Credit Corp

Credit.com’s free credit report card tool can help you better understand your current creditworthiness and which factors you need to work on to help you improve your standing. Counselors may offer free or low-cost consultations and educational materials. Counselors can also help you avoid accumulating too much debt.