What is your debt-to-income ratio and when is it important

If you’re in the market to take out a loan at an affordable rate, you must be aware of the two most important factors that are checked before giving you a loan. Yes, the numbers that are checked while giving you a loan are your credit score and your debt-to-income ratio, more popularly known as the DTI ratio. Are you aware of what a DTI ratio is and why it holds so much importance during a financial transaction? Read on to know more on this particular topic. How is your DTI ratio calculated? As the name suggests, your DTI ratio is nothing but the ratio of monthly income that you make in a month and the debt obligations that you’re supposed...

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The situation – US stocks as of now

As per recent reports, the US stocks tumbled with the beginning of September, where it is considered that it was the S&P 500’s worst September start in 50 years. It is not only S&P which went through a tumble, the other stocks too dropped. Though, the Federal Reserve Chairman Ben Bernanke did try to instill some amount of confidence, it failed to slow down the investor jitters. So, if you are thinking of investing in the stocks in order to pay off your debts, you should think twice. US stock situation The reports on the job market show it to be the weakest in a year. This renewed the fears that US may slip back...

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Parameters to Be Considered For Getting Cheap Auto Insurance

There is hardly anyone out there who doesn't dream of buying a luxury car. When you buy anything, you make a huge investment and hence you must take care of that product by undertaking several maintenance activities. In order to provide protection to anything you buy, insurance policies can help. You dream of buying a new car, but prior to that confirm everything and fulfill all formalities to provide security to your sedan. Starting from cars for personal use to the giant sedans used for official purposes, several auto insurance policies are available for every category of automobile. However, if you desire to get cheap...

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The real estate investment market as of 2011

It was predicted that the demand for purchasing and houses are going to increase in 2011. The real estate is recovering slowly around the globe and is gaining in momentum in this country too. But till now, the bad mortgage is the main problem that has been creating problems for the real estate investment sector. But still, investors have started to try out their options in the investment market. This is partly because of the stabilizing economic situation of the country. The country is slowly trying to gain back its economic power. Real estate investment situation  According to many experienced investors and the real...

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Discharge your tax debts by filing for bankruptcy

If you are in distress because of income tax debts, then there is good news for you. You may get your tax debts discharged under Chapter 7 and Chapter 13 of the Bankruptcy Code. In fact, don’t think that bankruptcy is the only option you have got. There are 4 other ways you can take up to get yourself out of income tax debts. Here only the method of bankruptcy is discussed. How can you discharge your debts?There are certain requirements you should meet if you want to discharge your tax through bankruptcy. Chapter 7 bankruptcy allows you to fully discharge your debts. However, under Chapter 13 you will be provided with a payment...

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