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2 years ago

A person's debt-to-income ratio describes.

Business

2 answers:

Mamont248 [21]2 years ago

7 0

Answer:

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

Explanation:

A person's debt-to-income ratio, abbreviated as DTI, is a measure of a person's monthly debt obligation against their monthly gross income. It shows the fraction or percentage of gross income that is committed to debt repayments. Lenders use the debt-to-income ratio to assess a borrower's ability to repay future loans.

Calculating the debt-to-income ratio requires one to add up all their existing loan repayments and divide that figure with their gross income. Lenders insist on a ration that does not exceed 36% as per the 28/36 rule.

alina1380 [7]2 years ago

7 0

Answer: D; how much the person has borrowed compared to how much he or she earns

Explanation: A pex

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