Income and Debt
Debt and Income are required.
Your DTI ratio is looking good
Relative to your income before taxes, your debt is at a manageable level. You most likely have money left over for saving or spending after you've paid your bills. Lenders generally view a lower DTI as favorable.
You have an opportunity to improve your DTI ratio
You're managing your debt adequately, but you may want to consider lowering your DTI. This could put you in a better position to handle unexpected expenses. If you're looking to borrow, keep in mind that lenders may ask for additional eligibility factors.
You should take action to improve your DTI ratio
With about half of your income before taxes going toward debt payments, you may not have much money left to save or handle unexpected expenses. With this DTI ratio, lenders may limit your borrowing options.
Make a plan to reduce or consolidate your monthly debt.