Are you in over your head?
Knowing your debt ratio is important because it is a key factor in a financial institution’s decision to accept or refuse your loan request. Whether we like it or not, we all will need access to credit at one point or another in our lives.
Your results
Your debt ratio: %
Beware! A recurring monthly deficit means that you are spiraling into debt.
We strongly recommend that you fill out the online household budget to help you identify your real deficit.
Repayment plan: You must work on a repayment plan, starting with the ones that carry the highest interest rates.
Contact an expert advisor who will review the alternatives solutions in order to help you overcome your financial difficulties.
Take charge of the situation
It is important to quickly establish a plan to regain control of your financial situation and reduce your debt level to avoid finding yourself in debt distress.
Beware! Even if your monthly deficit is low, it still represents a potential threat should it be repeated every month.
We strongly recommend that you fill out the online household budget to help you identify your real deficit.
Should your deficit be confirmed, you will have to act quickly and take measures to lower your expenses as they may become a financial burden for you in the future.
Good news! But be careful, you have little wiggle room.
We recommend that you fill out the online household budget in order to help you more accurately determine your expenses and financial needs.
If a small budget surplus is confirmed, you will have to be careful as any unexpected expenses could jeopardize your financial stability.
We recommend that you check your debt ratio every 6 months to make sure that it is stable, or better yet, that it is decreasing. If you have any questions or would like some tips, please feel free to contact us. We will be glad to help.
Congratulations! You seem to have your personal finances well under control.
Continue to keep under control your level of debt. Such an enviable situation will allow you to reach your personal goals.
We recommend that you check your debt ratio every 6 months to make sure that your situation remains just as good as it is now. If you have any questions or would like some tips, please feel free to contact us. We will be glad to help.
Take charge of the situation
It is important to quickly establish a plan to regain control of your financial situation and reduce your debt level to avoid finding yourself in debt distress.
