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George
Lv 4
George asked in Business & FinanceCredit · 2 months ago

If you have $125,000 debt, how much of your monthly salary goes to debt payment?

7 Answers

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  • Shay
    Lv 7
    2 months ago
    Favorite Answer

    That depends on how much money you make per month and how much the monthly payments are on that debt.  So - based on the information given - it is impossible to say how much of your income would be required to pay that debt.  You never listed the income level for the salary or the interest rate and terms of payment for the debt.  

    A debt of $125,000 with an interest rate of 5% would be about $988 per month for about 15 years.

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  • 2 months ago

    How much is the debt payment?  How much is the salary?

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  • 2 months ago

    That depends on your monthly salary, the type of debt, what the minimum payments are, etc.

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  • Nicey8
    Lv 4
    2 months ago

    You need to work with your bank officer or credit loans counselor on this.

    There are a lot of factors involved.

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  • Anonymous
    2 months ago

    I have no debt and no salary. 

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  • Judy
    Lv 7
    2 months ago

    not enough info to say.

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  • 2 months ago

    All of it...........

    • John2 months agoReport

      Then how do you pay your bills, and buy food?

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