Financial stability is mandatory for living with an absolute peace of mind.

Nearly all debt solutions depend on debtor’s monthly income and expenses, except bankruptcy that is the most a drastic way to get rid of your debts.

Therefore, whenever you ask a lender for a loan, he will consider your credit score along with the debt-to-income ratio before approving your request.

It’s important because it helps increase your personal financial stability.

Just like you can use an IVA calculator to check how much you can write off on your debts, you can also calculate your debt-to-income ratio.

All you need is to divide all monthly payable debts by your monthly gross income.

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