Your income to debt ratio clearly defines the amount of debt you have verses the amount of income you are bringing into your household on a monthly basis.  The debt to income ratio is utilized by various lenders when you have applied for funding or any type of credit.  If your debt to income ratio is on the low side, you are more likely to get credit or a loan when you apply.   

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The subject of debt has a long and fascinating history. There have been many average Americans and famous Americans that have faced issues with mounting debts. Many people have been forced to file for bankruptcy when debts get out of control.  In the last hundred years alone, the history of debt in America has changed dramatically, just as how to manage debt has changed.

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