4.3 by Jose Benitez Santos https://padlet.com/jose_benitezsantos/a1bj8fpwhf3 Made with charm en-us 2017-04-15 16:38:50 UTC 2025-12-27 11:24:31 UTC hello@padlet.com Balancing Credit and Debt jose_benitezsantos https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166435551 2017-04-15 16:41:32 UTC https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166435551 Debt to income Ratio jose_benitezsantos https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166435579  The measure is commonly used to determine if the household qualifies for a mortgage or loan. ]]> 2017-04-15 16:42:30 UTC https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166435579 Formula to Determine DTI jose_benitezsantos https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166435639  There are online DTI calculators like this one from Feed the Pig ]]> 2017-04-15 16:45:05 UTC https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166435639 Monthly debt payments jose_benitezsantos https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166435671  These include payment on mortgages (both the principal and interest portion) or rent, auto loans, minimum payment on credit card, etc. ]]> 2017-04-15 16:46:12 UTC https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166435671 Work Cited jose_benitezsantos https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166435694 The online book]]> 2017-04-15 16:46:46 UTC https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166435694 Understanding a Credit Score jose_benitezsantos https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166435713 There are Guidelines that can help. Consider the following.]]> 2017-04-15 16:47:15 UTC https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166435713 Pay your bills on time, every time jose_benitezsantos https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166483040 1.Set up electronic reminders
2. Get current and stay current ]]> 2017-04-16 21:08:21 UTC https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166483040 Don’t get close to your credit limit jose_benitezsantos https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166483319 1. Credit scoring models look at how close you are to being “maxed out,”.
  Experts advise keeping your use of credit at no more than 30 percent of your total credit limit. ]]> 2017-04-16 21:16:40 UTC https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166483319 A long credit history will help your score jose_benitezsantos https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166483811 1. Credit scores are based on experience over time
2. Paying your bills on time & experience you have 
3. Allows for a good credit risk

]]> 2017-04-16 21:30:06 UTC https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166483811 Only apply for credit that you need jose_benitezsantos https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166483872 1.  Credit scores look at your recent credit activity 
2.  If you apply for a lot of credit over a short period of time, it may appear that your economic circumstances have changed negatively. ]]> 2017-04-16 21:32:27 UTC https://padlet.com/jose_benitezsantos/a1bj8fpwhf3/wish/166483872