Debt-to-Income Ratio and Why is it important

Personal loans and credit cards are two such financial products that we use most often. When people apply for any loan, a few applications get accepted while a few get rejected. Several reasons affect the chances of approval of your application. A debt-to-income ratio plays an important role in your loan application. It is one of the factors that lenders or financial institutions take into their account when assessing your application. Debt-to-Income ratio, also known as DTI is as essential as your credit score. To know more https://www.loantube.com/blog/debt-to-income-ratio-and-why-does-it-matter/ Like, comment, share and subscribe :)

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