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Debt to Income Ratio - What is Yours?
Have you been denied for a auto loan or mortgage loan? Many wonder why they are considered as a high credit risk when they have a decent job and seem to be able to pay their monthly bills. Many financial institutions agree that your debt to income ratio should not exceed 36% of your gross monthly income.
http://savycents.com/
From: Savings and Investment Planning
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Date: Jun 23, 2014
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