debt to income ratio Archives

Credit Score, Financial Planning, How To

How to Improve Your Credit Score to Get a Personal Loan

May 11, 2021 (Last Modified: May 12, 2021) / Best Egg

If you’ve been considering taking out a personal loan, here are a few tips you can use to get a rate you (and your wallet!) will appreciate.

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Relationships

#RealMoneyTalk: Do We Need Additional Income?

October 1, 2019 (Last Modified: April 23, 2021) / Lindsey Delgado

A recent viral video shows comedian Hasan Minhaj testifying before a committee of the United States House of Representatives about student loan debt. It may sound like I’m describing the most boring video you could ever see, but it’s actually...

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Debt

How Much Interest is Too Much?

July 29, 2019 (Last Modified: April 26, 2021) / Lindsey Delgado

“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” ~ Albert Einstein. I love that quote, but getting by without paying any interest at all is simply...

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Housing Finances

Your Verified Income, Explained

October 16, 2018 (Last Modified: April 28, 2021) / Lindsey Delgado

The first time I ever had to verify my income had nothing to do with a loan application. I was sitting in a real estate office trying to rent my first apartment in New York City. It was 2011 and...

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Debt

The Worst (Money) Mistake of My Early Twenties

October 2, 2018 (Last Modified: April 26, 2021) / Lindsey Delgado

Listen…I had it going on in my early, early twenties! I mean, you couldn’t tell me a thing. But wait, wait…this isn’t a vanity post. I’m talking about my finances. They were ON POINT! Own home? Check! Excellent credit/credit score? Check! Money...

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Debt

These 3 Steps Lowered My Debt to Income Ratio in 1 Year!

September 30, 2018 (Last Modified: April 26, 2021) / katkotton

Meet your behind-the-scenes credit “influencer”. Did you know that there’s a BIG star of your credit show (often overlooked) that goes up for audition each and every time you apply for a loan or credit card? Yes! It’s your debt-to-income...

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Housing Finances

What Goes into Buying Your First Home?

August 20, 2018 (Last Modified: April 28, 2021) / Lindsey Delgado

Deciding to purchase your first home is a really exciting time, but the process itself can be a bit of a black box. This step-by-step guide demystifies the process and walks you through the basics on what actually goes...

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Credit Info

Summer Travel Spending: Don’t Go Overboard

August 17, 2018 (Last Modified: April 21, 2021) / katkotton

I’m of the opinion FOMO (“Fear of Missing Out”) never strikes harder than during the summer months. Perhaps it’s the laid-back vibe in the air, the fact that things slow down at work, or an indescribable itch leftover from eighteen...

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Debt

How to Calculate Your Debt-to-Income Ratio (and What It Means)

August 8, 2018 (Last Modified: April 26, 2021) / Mint

Of the three key numbers that determine your financial health—verified income, credit score, and debt-to-income ratio—debt-to-income ratio (DTI) is probably the least commonly discussed. What is debt-to-income ratio? It’s a key indicator of whether you’re living within your means, and...

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Real Money Talk

How To Be In a Wedding Without Falling Into Debt

August 6, 2018 (Last Modified: April 26, 2021) / katkotton

Let’s set the stage of a typical, 2018 engagement announcement: You wake up on a Saturday morning, and (obviously) immediately check your phone – you have 3 missed calls from your best friend. You call her back thinking, ‘Wow what...

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