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Debtfreeindia
Keymaster
July 31, 2024 at 11:15 am
Q:

How does debt-to-income ratio impact my financial health?

Debt-to-income ratio also known as DTI, measures your monthly debt payments relative to your income. A high DTI indicates financial strain and may hinder loan approvals or favourable interest rates. A lower DTI suggests better financial health, enabling easier access to credit and demonstrating responsible debt management.

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