6 Creative Ways to Lower Your Debt-to-Income Ratio

6 Creative Ways to Lower Your Debt-to-Income Ratio

Financial
August 21, 2018 • 10 min read by James Conners If you’re struggling to qualify for a personal loan, your debt-to-income (DTI) ratio could be to blame. Your DTI, often expressed as a percentage, compares your debt payments with your gross income each month. Loan companies look closely at your DTI before approving your application. If the ratio is high, lenders take it as a warning sign that you might not be able to repay what you owe. Plus, a high DTI could make it difficult for you to cover living costs or save for the future. Find out how your DTI can impact not just your loan applications, but also your daily life. Then, consider the six creative strategies for lowering your debt-to-income ratio. Why does DTI matter? Let’s say your monthly gross (or…
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Understanding the Different Types of Financial Advisors

Understanding the Different Types of Financial Advisors

Financial
September 21, 2018 • 11 min read by James Conners   Part of “adulting” is beginning to better manage our money, investing, and planning for retirement. If you are at the stage of your life where you are ready to put some real plans in place to get out of debt, grow your wealth, and start making solid plans for your financial future, you may be seeking financial advice. Even so, you may be unsure about what type of help you need, especially if you are just getting started on your investment or retirement planning journey. There are plenty of professionals that specialize in different areas of financial advising, and it can be helpful to have a basic understanding of the different types of financial advisors, and their specialties and…
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