Debt to Income Ratio

Forum|Forum|7 years ago
February 6, 2019
1 reply
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My DTI information is old and based on a previous years reported income. Being that this information greatly impacts credit ratings, wouldn't it be fair to report existing income (including other money streams which I've had for years)? With the technology available today, I think it's possible to get real-time information, especially if you recently had a significant raise that would positively impact your DTI. How can this information be updated to reflect current/accurate income and can other legitimate money streams be included?

Thanks,

annawrk

Yes, the data from your tax return is income reported via your taxes which means it isn't a reflection of your current income. To have the DTI in Turbo reflect what your current income is, you can manually enter self reported income within your Profile. To access your profile within Turbo, click on 'View Profile' in the upper left corner of the product menu. Then go to the Financial Info section and click on Edit for Income. There you can enter a value under Self Reported which reflects what your wages are.