Manage Your Debt - Let's Explore Your Options
GET STARTED NOWUse this calculator to quickly determine your debt-to-income ratio. This is the percentage of your gross income required to cover your housing and debt payments. The lower your debt-to-income ratio the more manageable your debt load will be. A low debt-to-income ratio increases the odds that you will be able to meet your monthly obligations. This ratio and your credit score are the two most important factors used by creditors when extending loans and credit.
Gross amount paid
Your total gross income from your paycheck.
Your income
Any other regular income you receive, such as rental payments or investment income.
House payment
Monthly payment for your home or apartment. For a home payment, include principal, interest, insurance and property taxes.
Auto payment
Your monthly auto loan payment. This should be for your auto loan only, auto insurance should not be included.
Auto payment 2
Any additional auto, truck or RV payments should be entered here.
Credit card payments
Enter the total of all of your credit card payments. For this calculation, please enter the minimum payments even if you pay off a larger portion of your balance each month.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Browse our recent blog articles and you will see and learn about the various ways AFS can help you, as well as educate yourself.
American Financial Solutions (AFS) has achieved national re-accreditation through the New York-based Council on Accreditation (COA). This accreditation was rigorous and involved numerous hours of preparation by members of our staff, executive team, board members, partners, and our clients.
If you have student loans, and may qualify for Public Service Loan Forgiveness, now is the time to act!
Big changes are coming to credit reports and how medical will and won't be shown on consumer reports.
It's true that missing the due date on some of your bills will damage your credit score, but there are some financial transactions that don't have any effect, either good or bad.
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and your counselor will review your credit report, analyze your financial situation and help you find the option that's best for you.
