Could anyone tell me how could I figure out my debt to income ratio? My total outstanding debt balance is $6,000 and it I on medical bills that I’m trying hard to pay off. Should I know the ratio before the taxes? It’d be great if someone could help me with both.

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In order to calculate your debt to income ratio or DTI, you need to divide your total minimum monthly payments by your total monthly gross income (income before paying taxes). Once you get the amount, multiply it by 100 to get the ratio. :)

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