DTI calculation

3 replies
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I have a turbotax account and my DTI score is 90% with around $8500 indicated as "other payments" apart from my car loan, rent and credit card payments, making my total debt to $12500. I do not understand how my other debt payments are being shown as $8500, as I do not have any debt other than car and credit card balances

TurboTax

Anonymous_Answer

Level 15

@Nick bless wrote:

...please don’t send us to a link. Just explain the “other payment” cos other credit reports show a lower DTI

There is no alternative since there really is no actual support on this board for the Turbo application. You can try posting on their Facebook or Twitter pages.

Facebook: https://www.facebook.com/IntuitTurbo/?ref=br_rs

Twitter: https://twitter.com/intuitturbo

Anonymous_

Level 15

@rsivaraj wrote:
I have a turbotax account and my DTI score is 90% with around $8500 indicated as "other payments" apart from my car loan, rent and credit card payments, making my total debt to $12500. I do not understand how my other debt payments are being shown as $8500, as I do not have any debt other than car and credit card balances

You should really check your credit reports (which you can get for free from the site below) to ensure that there are not any spurious/inaccurate items in your credit history.

https://www.annualcreditreport.com/index.action

Nick bless

Level 2

I am having other payment on the DTI as well. I checked my credit report and nothing shows inaccuracies. Can TurboTax explain what that means because the calculation they have for DTI is confusing.. please don’t send us to a link. Just explain the “other payment” cos other credit reports show a lower DTI

Anonymous_Answer

Level 15

@Nick bless wrote:

...please don’t send us to a link. Just explain the “other payment” cos other credit reports show a lower DTI

There is no alternative since there really is no actual support on this board for the Turbo application. You can try posting on their Facebook or Twitter pages.

Facebook: https://www.facebook.com/IntuitTurbo/?ref=br_rs

Twitter: https://twitter.com/intuitturbo