Is a Debt Ratio considered
November 25th, 2009 by Questions
Is there a guideline or an applicable debt ratio for figuring out what a consumer proposal repayment plan should look like to be acceptable to a creditor?
For example, mortgages are usually approved if a borrowers debt ratio is within certain parameters. Is that same type of prinicple used when calculating what a manageable payment schedule (and total amount) would be in order to be acceptable (for both parties)?
Posted from: British Columbia