what ratio tells a lender whether or not to give you a line of credit or a loan?\ndebt payments - to…

what ratio tells a lender whether or not to give you a line of credit or a loan?\ndebt payments - to - income\nnew debt - to - total debt\nnet income - to - gross income\nnew debt - to - new credit

what ratio tells a lender whether or not to give you a line of credit or a loan?\ndebt payments - to - income\nnew debt - to - total debt\nnet income - to - gross income\nnew debt - to - new credit

Answer

Brief Explanations:

The debt - payments - to - income ratio shows a lender how much of a borrower's income is already committed to debt payments. A lower ratio indicates a borrower is more likely to be able to take on and repay new debt.

Answer:

Debt payments - to - income