What is your level of debt ?
The debt ratio is a simple tool used by all financial institutions to measure the burden of your debts on your budget.
A result between 39% and 44% (depending on the quality of the credit file and the presence or absence of a guarantor) usually constitutes the limit of "acceptable" indebtedness for a financial institution.
Measure your level of debt in less than 5 minutes.
Family environment
Fixed Income
Housing
Loans
Credit
Your result
YOUR DEBT RATIO :
Congratulations! Your result is highly commendable!
For any questions or advice, feel free to contact us. It's free, confidential, and without obligations.
That's great, your ratio is below the 40% threshold.
However, be aware that any decrease in income or increase in housing-related expenses could quickly raise your rate.
Recalculate every 6 months to ensure that your ratio does not deteriorate.
For any questions or advice, feel free to contact us.
It's free, confidential, and without obligations.
We suggest you to be cautious as your debt-to-income ratio is close to the 40% limit.
n.b.: The limit can vary between 39% and 44%, depending on the quality of your credit fileYou should implement a debt reduction plan quickly to prevent the situation from worsening.
There are several solutions to regain control of your finances.
Please visit our Solutions section or contact us via email, chat, phone, video conference, or in person for any questions, advice, or assistance.
It's free, confidential, and without obligations.
It's time to take action as you are exceeding the 40% limit.
n.b.: The limit can vary between 39% and 44%, depending on the quality of your credit fileYou should implement a debt reduction plan without delay to avoid overindebtedness.
There are several solutions to regain control of your finances.
Please visit our Solutions section or contact us via email, chat, phone, video conference, or in person for any questions, advice, or assistance.
It's free, confidential, and without obligations.