Which of the following is true about the debt-to-income ratio?单项选择题
A
Guidelines suggest that the debt-to-income ratio should be about 40%.
B
The debt-to-income ratio is also known as the 10-70-20 guideline.
C
None of the answers provided are true.
D
The ratio measures the amount of monthly income that should be allocated to creditors to pay monthly debt payments.
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Which of the following is true about the debt-to-income ratio?
The '28/36 Rule' states that your housing expenses (mortgage, taxes, insurance) shouldn't exceed 28% of your gross monthly income and your total debt (credit cards, student loans, car loans) shouldn't exceed 36% of your gross monthly income.
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