Rabia
  • 0
In:

What is the difference between a credit score and a debt-to-income ratio?

  • 0
What is the difference between a credit score and a debt-to-income ratio?
Share

    Related Questions

    1 Answer

    1. A credit score is like your financial report card, showing how trustworthy you are with borrowed money. It's a number that lenders use to gauge the risk of lending to you. On the other hand, the debt-to-income ratio is a measure of how much of your income goes towards paying off debts. It's like a sRead more

      A credit score is like your financial report card, showing how trustworthy you are with borrowed money. It’s a number that lenders use to gauge the risk of lending to you.

      On the other hand, the debt-to-income ratio is a measure of how much of your income goes towards paying off debts. It’s like a snapshot of your financial obligations compared to what you earn. A lower ratio is generally better, indicating you have more room in your budget.

      See less
      • 0

    You must login to add an answer.

    Need An Account,