Fri.Mar 06, 2020

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Determining Your Debt-to-Income Ratio

Debt Guru

If you’re an American, chances are pretty good that you carry debt. In fact, a Pew report from 2015 found that 80% of us owe money. While that means we’re in good company, it also means that most of us are feeling the stress of debt and the strain of repayment. So, just how much debt is “too much?” Of course, it’s completely personal – you might be OK with shouldering high debt in order to afford your second car, or you might be completely stressed out when you owe your friend for that pack of g