Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
fayewray

0 Contributions
0 People Helped
Does Income to Debt ratio affect my credit score?
If so, when/how will my new salary up-date through the credit bureaus?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
269 Contributions
115 People Helped

No, salary has no bearing on your score whatsoever. Utilization of revolving credit and remaining balances on installment loans are considered, but not income.

Top Contributor
241 Contributions
85 People Helped

Krissie72 is correct that income to debt does nothing for score, while use to available does in score.

But keep in mind, for may loans (Auto, Home) they will factor your debt to income in decissions on giving a loan along with your score (remmber also that they may use something other than Vantage 3 that CK does). In these cases both are a factor, so keeping an eye on debt to income is always a good idea.  There are many articles that will explain excatly how much of what type of debts are accpetable to lenders.

7 Contributions
7 People Helped

Debt to income ratio does not affect your credit score, but it can be used as a deciding factor in whether or not you can pay back an auto loan or home loan.

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.