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 Karma
Profile Image

Question By
tinat76

0 Contributions
0 People Helped
How do you find out your debt to ratio

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
119 Contributions
32 People Helped
Most Helpful Response

Helpful to 1 out of 1 people

- Add  up your credit limits on all of your accounts

- Add up the balances on all of your accounts

- Divide the second number by the first number

The result is your credit utilization percentage. For example, say that you have 5 credit cards, and each one has a $5,000 limit. Your total credit limit would be $25,000. Now let's say that you owe a total of $10,000 on all your cards, combined. Dividing $10,000 by $25,000 yields 40%; that's your debt to credit ratio, or your credit utilization percentage.

Result 1-1 of 1Results 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.