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DEBT FREE 247  DEBT CONSOLIDATION GUIDE

To determine if debt consolidation is right for you, we have provided the following calculator designed to tabulate a correlation between your debt and current income.  Please remember that all of the values generated by the calculator are estimates, and are in no way guaranteed to be 100% accurate.  The values should not be used to make a final decision regarding changes to your finances. Always seek proper consultation with certified debt consolidation services listed on our site.

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Debt Calculator
 

FREE DEBT CALCULATOR

Fill in all of the applicable entries for all of your monthly payments and press "Calculate Debt".  Next, fill in all the applicable income fields and press "Calculate Income".  Press the "Ratio" button to calculate your debt-to-income ratio.  Lastly, compare your score to the percentage categories for gauging whether free debt consolidation is a viable option for you. 

Monthly House Payments:
Monthly Payments on Auto Loans:
Minimum Payments on Credit Cards:
Other Monthly Payments (Insurance, etc.):
A. MONTHLY DEBT:
Total Yearly Income:
Bonuses and Overtime:
Extra Monthly Income:
Third Party Monthly Income:
B. TOTAL Monthly Income
Debt to Income Ratio

Debt to Income Ration Categories:
35% or less: Your debt is within reason and considered a normal ratio.
36%-42%: Your debt is on the limit of what is considered healthy, and should be given close attention.
43%-49%: You should make changes to you financial budget and seek debt counseling.
50% or more: It is paramount that you seek out debt consolidation services without delay.

 

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