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SCV News | County Announces Get Ahead LA, Free Online Financial Resources

The Los Angeles County Department of Consumer and Business Affairs Center for Financial Empowerment announced the release of “Get Ahead L.A.,” a free online service dedicated to safely guiding Los Angeles County residents to financial resources. The COVID-19 pandemic has brought significant financial challenges to many residents of L.A. County. Get Ahead L.A. was creacted to help combat these challenges. “As COVID-19 expanded throughout L.A. County last spring, hundreds of thousands of County residents lost jobs and income,” said Supervisor Sheila Kuehl. “Many of these families are still working hard to pay down debts, hold on to their homes, and recover financial stability. Get Ahead L.A. is a one-stop shop for financial advice. It’s totally free, and available to any County resident who can use a financial hand up right now.”

Economy Explained: How To Calculate Your Debt-to-Income Ratio

Economy Explained: How To Calculate Your Debt-to-Income Ratio GOBankingRates 2/5/2021 David Navarro © alinabuzunova / Twenty20 Flatlay desk: calendar, pen, cash money, phone with calculator and laptop lying on black background. One of the many variables lenders use when deciding whether or not to loan you money is your debt-to-income ratio or DTI. Your DTI reveals how much debt you owe compared to the income you earn. Higher debt paired with lower income results in a higher DTI percentage, whereas lower debt with higher income yields a smaller percentage. Here’s how to calculate your DTI and find out how much debt you owe compared with your income.

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