A New Way to Understand Your Financial Picture: Meet the Debt to Income Module
Keeping track of your finances is easier when you have the right tools in front of you. That’s why we’re introducing a new addition to your Credit Score dashboard: the Debt to Income (DTI) module. This update gives you another helpful view of your financial health, right alongside your credit score. You can find this dashboard when you log into your online banking.
What the DTI Module Shows You
Your DTI ratio compares how much you owe each month to how much you earn. After entering your gross annual income and monthly housing payment, the module displays:
- Your DTI percentage and rating
- A breakdown of the types of debt that make up your ratio
- Personalized suggestions for how you might lower your DTI over time
These insights can help you understand where your money is going and how lenders may view your financial situation.
Each recommendation in the module connects to an educational blog for extra guidance. You can explore topics that matter most to you and learn practical steps for improving your financial health.
The DTI module is already enabled for you. You can explore it anytime by visiting your Credit Score dashboard. As always, if you have any questions feel free to reach out to our team at MMCCU!