@Gardenhand wrote:
Hello Everyone, I've been doing some research trying to figure this out but I haven't exactly found any concrete information. I'm trying to figure out exactly what is included in a debt to income ratio and what is not. I'm assuming credit card debt minimum payments and installment loan payments are included. How about child support payments, insurances, rent and other living expense reoccurring bills? Any insight is appreciated. Thanks for any information.
I'd suggest looking here:
http://en.wikipedia.org/wiki/Debt-to-income_ratio
Beyond this definition, I expect it depends on who is calculating the DTI, and what information they have.
For example, with a CC application, you are asked about your monthly housing payment, and your income, and the rest of the information comes from your credit report or other reports that a CC company has access to.
