MONEY:$1,000
Scenario 8 of 10
The Debt-to-Income Ratio
You already have loans totaling $2,000/month. Your income is $6,000/month. A lender offers you another loan with $500/month payments.
Should you take on more debt?
Press Y for YES or N for NO
Learn finance through play!
You already have loans totaling $2,000/month. Your income is $6,000/month. A lender offers you another loan with $500/month payments.
Should you take on more debt?
Press Y for YES or N for NO