DTI Ratio Question...

[Andy77]

Is my rent payment part of my DTI ratio calculation?

If so, is this bad: 

Gross income a month 5600

Car loan payment 650

personal loan payment 320

rent 1000

gas card payment 50

that puts my dti ratio at about 36.25 % is that high?

Keep in mind I have no cc debt since I consolidated to personal loan above...not that this helps me dti ratio though

[Anonymous]

Hi Andy. DTI is not a component of credit scoring at all. Income is not considered anywhere in the scoring models.

It's certainly useful for your personal finance for budgeting purposes though. Very important to live within your budget.

As this is a credit forum, I'm not quite sure I understand your questions. sorry.

[sh9730]

Depends on what you are trying to do? 

For your FICO score?  No.  Unless your rent somehow reports to the credit bureaus which I doubt.

For a CC application? Probably not. Most just use the FICO score, but some do ask what your monthly obligations are which would include rent.

For a Mortgage?  No. This is because you will be replacing the monthly rent with whatever your NEW housing payment would be, and that NEW payment will be included in your DTI when determining how much loan you will qualify for.

Hope this helps.