Highlights:

• Debt-to-borrowing from the bank and financial obligation-to-money ratios might help lenders determine the creditworthiness.
• Your debt-to-credit ratio will get impression your credit ratings, if you find yourself obligations-to-earnings percentages do not.
• Loan providers and you may financial institutions choose see a lower financial obligation-to-credit ratio while you are trying to get borrowing from the bank. Continue reading »