You can take on more debt if your debt payments-to-disposable income ratio is in the range of
A)less than 14 percent
B)15-18 percent
C)19-28 percent
D)29+ percent

Question

Quizplus · Accepted Answer

If your debt payments-to-disposable income ratio is less than 14 percent, you have a relatively low amount of debt compared to your income. This means you have more disposable income available to make debt payments or save for other financial goals. Taking on more debt may not be the best choice, but if you do, it is likely to be manageable given your current financial situation.

You Can Take on More Debt If Your Debt Payments-To-Disposable