TransUnion Debt To Income Estimator
The TransUnion Debt-to-Income Estimator is a solution that was developed to help businesses quickly and accurately understand the debt service burden of a customer. A customer’s debt-to-income ratio can help improve campaign targeting, increase underwriting speed, help manage line and privilege assignments on existing accounts, and assist in prioritizing collections efforts using the TransUnion Debt-to-Income Estimator.
The TransUnion Debt-to-Income Estimator collects current debt on the credit file. The current debt on the credit file is then compared to the monthly estimated income to generate a debt-to-income ratio using the TransUnion Debt-to-Income estimator.
The TransUnion Debt-to-Income Estimator Model uses the TransUnion Income Estimator results in computing the monthly income and the total monthly minimum debt payments. The total monthly minimum debt payments include mortgage, installment, revolving accounts, and authorized user debt.
The TransUnion Debt-to-Income Estimator’s score ranges from 0-999, which means that a higher score is equivalent to a higher debt-to-income ratio for an individual. An individual's debt-to-income ratio is estimated based on credit history by the TransUnion Debt-to-Income Estimator Model. The TransUnion Debt-to-Income Estimator Model sets scoring criteria that include the following:
- At least one account or tradeline
- At least one account or tradeline verified in the last 12 months
- At least one account with a credit limit greater than $0
- At least one account has been opened and updated in the last six months
- No deceased indicator