Accountancy, asked by mohanjee34311, 11 days ago

How much debt is too much debt?

Answers

Answered by Suvarna538
0
Ideally, financial experts like to see a DTI of no more than 15 to 20 percent of your net income. For example, a family with a $250 car payment and $100 of monthly credit card payments, and $2,500 net income per month would have a DTI of 14 percent ($350/$2,500 = 0.14 or 14%).
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