Answered

Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

A person's debt-to-income ratio describes:
O A. how often the person's credit score changes based on increasing
levels of debt.
B. how much money a person can borrow from a bank at any given
time.
O c. how frequently a person has to make payments on a significant
debt.
O D. how much the person has borrowed compared to how much he or
she earns.

A Persons Debttoincome Ratio Describes O A How Often The Persons Credit Score Changes Based On Increasing Levels Of Debt B How Much Money A Person Can Borrow Fr class=

Sagot :

DrippQueenMo

Answer:

O D. how much the person has borrowed compared to how much he or

she earns

Explanation:

Your debt-to-income ratio is all your monthly debt payments divided by your gross monthly income. This number is one way lenders measure your ability to manage the monthly payments to repay the money you plan to borrow. ... If your gross monthly income is $6,000, then your debt-to-income ratio is 33 percent.
The answer is D. It is calculated by dividing the debt by income or how much is earned.
Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.