Ideal DTI ratio for a credit card with good interest rate
Date: Wed, 05/29/2019 - 00:01
What should be the ideal DTI ratio to get qualified to take out a credit card with a favorable rate of interest?
The ideal debt-to-income
The ideal debt-to-income ratio is between 30% and 36%. A DTI ratio more than 40% is not good. Lenders will consider you as a risky consumer even if you have a decent credit score. So if you have a high DTI ratio, try to lower it by paying off your debts.