Term: Debt-to-Income Ratio
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5 People Who Paid Off Massive Debt

By Steven Shaw on 1/3/2014

5 People Who Paid Off Massive Debt

Digging out of deep debt can seem like an insurmountable task, and for some people it is. More than a million American households filed for bankruptcy last year in an effort to put their debt behind them.

But bankruptcy court isn’t the only way consumers shed debt. These five people have paid off very large amounts of debt using just about every strategy in the book. Here’s how they did it.

managing debt
Credit Card Debt
Debt
debt collection
debt collector
Debt Utilization Ratio
debt vs savings
Debt-Free
Debt-to-Income Ratio
get out of debt
managing debt
non-mortgage debt
stay out of debt
student debt
What Your Debt is Really Costing

The Non-Credit Score Numbers Your Lender Wants to Know

By Steven Shaw on 8/2/2013

non credit score numbers

A client recently went to the bank to talk about opening a line of credit. She filled out an application, then the banker entered the information into his computer and reviewed her credit score. But her credit score was just one piece of the puzzle; there were other numbers he was interested in, too.

Debt-to-Income Ratio

How to Stay Debt-Free

By Steven Shaw on 6/13/2013

stay debt free

If there’s anything that’s as important as getting out of debt, it’s staying out of debt. And the first step toward staying out of debt is to fully understand your current financial situation, and establish some goals on how you want to spend your money.

Debt
debt vs savings
Debt-Free
Debt-to-Income Ratio

Why You Can’t Get a Home Loan

By Steven Shaw on 1/9/2013

Confidence and optimism. Momentum and recovery.

So why can’t you get a home loan?

Bankruptcy
Cash on Hand
Debt-to-Income Ratio
Employment