Debt Assessment Tool

Debt Assessment Tool

Please fill out this questionnaire to get a quick overview of your debts. Tick the appropriate options based on your personal circumstances.
What is Debt? Debt is money you owe.

Debt Information:
For each debt you have, please answer the following questions
Type of Debt:*

MortgageCar LoanBuy Now, Pay LaterStudent LoanPayday LoanCredit CardPersonal LoanFamily/Friend Agreement LoanOther
Annual Percentage Rate (Annual Percentage Rate is the yearly cost of borrowing money, including interest and fees.)*

Less than 5%5% - 10%10% to 15%15% to 20%20% to 25%
Monthly Repayment Amount*

Less than $100$100 to $500$500 to $1,000$1,000 to $2,000More than $2,000
Purpose of the Loan*

EducationHousingBusiness InvestmentPersonal ExpensesVehicleOther
Is the repayment amount manageable within your current income?*

YesNo
Monthly Debt Payment Calculation:

Calculate your income and expenses carefully before agreeing to a loan and accepting monthly repayment terms. This ensures you can manage the repayments within your budget.
Total Monthly Income:*
Total Monthly Debt Payments: *
Debt-to-Income Ratio%
Calculate your debt-to-income ratio by dividing your total monthly debt payments by your total monthly income, then multiply by 100.
Why It Matters: This ratio helps you understand how much of your income goes towards debt. A lower ratio means better financial health.
Should be Empty:

Monthly Debt Payment Calculation: