Cityboy
Banned
OK guys, same as the last poll as far as privacy.
Debt ratio: Your monthly debt payments as a percentage of your monthly GROSS income that you pay interest on. The definition of debt is anything you have financed instead of paying cash. This would include mortgages, auto payments, snowcat payments, etc., and consumer debt such as department store credit or credit cards in which you DO NOT pay the balance each month.
Do not include expenses such as utilities, fuel, groceries, etc.
Again, not a scientific study, but a reasonably accurate estimation.
Debt ratio: Your monthly debt payments as a percentage of your monthly GROSS income that you pay interest on. The definition of debt is anything you have financed instead of paying cash. This would include mortgages, auto payments, snowcat payments, etc., and consumer debt such as department store credit or credit cards in which you DO NOT pay the balance each month.
Do not include expenses such as utilities, fuel, groceries, etc.
Again, not a scientific study, but a reasonably accurate estimation.