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Beth wants to determine her current debt safety ratio. Her monthly take-home pay is $4,000. She compiled the following monthly loan payment information: Type of
Beth wants to determine her current debt safety ratio. Her monthly take-home pay is $4,000. She compiled the following monthly loan payment information: Type of Loan Payment Auto Student Credit cards House mortgage Total Amount $ 700 100 200 1,500 $ 2,500 and The total monthly loan payments figure Beth will use when computing her debt safety ratio is $. include her house mortgage. Beth's debt safety ratio is % and considered Beth's debt safety ratio changed to 30%. Her take home pay must have or her monthly loan payments must have If her debt safety ratio remains in the safe zone, lenders may now be Willing to give her a loan than they were before this change. How can periodically computing one's debt safety ratio be useful? Check all that apply. It can influence decisions whether to return to school a loan will be needed to pay for it it can influence decisions about looking for higher or lower paying job. None of these It can serve r y warning system of approaching financial trouble, providing time to take preventive measures
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