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zubka84 [21]
3 years ago
9

A person's debt ratio shows the relationship between debt and net worth. the lower the ratio the

Business
1 answer:
SOVA2 [1]3 years ago
4 0

<span>A person's debt ratio shows the relationship between debt and net worth. The lower the ratio the better off the person is financially. </span>

When you are in good financial standing, if it necessary to have a low debt ratio. The debt ratio is how much debt to income or net worth someone has. When you have a low debt ratio you are often approved for larger loans and can sustain financial freedom more easily. 

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