Debt to income ratio

Hi Angelfire

If your debt to income ratio is high, you can think about refinancing your home if it has significant equity built in it in the last few years. Negotiate for the lowest rate of interest and you can use some of your equity to pay off your debt.

If this is not possible, then you will have to pay complete attention towards paying your debt.

You can concentrate on rebuilding your credit that will put an effect on your FICO score.

You can also consult a financial planner who can help you in budgeting your finance. You can also opt for some budget program through Consumer credit counseling Services. You will have to learn how to budget and manage your funds effectively.

Regards
Roxette