Elizabeth has a monthly net income of $1,400.She has a house payment of $600 per month,a car loan with payments of $300 per month,a Visa card with payments of $60 per month,and a credit card with a local department store with payments of $32 per month.What is Elizabeth's debt payment-to-income ratio? Is she within range of what experts suggest you spend on consumer credit payments?

Question

Quizplus · Accepted Answer

The Answer of Elizabeth has a monthly net income of $1,400.She has a house payment of $600 per month,a car loan with payments of $300 per month,a Visa card with payments of $60 per month,and a credit card with a local department store with payments of $32 per month.What is Elizabeth's debt payment-to-income ratio? Is she within range of what experts suggest you spend on consumer credit payments?

Elizabeth Has a Monthly Net Income of $1,400