If you have $125,000 debt, how much of your monthly salary goes to debt payment?
- ShayLv 72 months agoFavorite 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.
- MichaelLv 72 months ago
How much is the debt payment? How much is the salary?
- SlickterpLv 72 months ago
That depends on your monthly salary, the type of debt, what the minimum payments are, etc.
- Nicey8Lv 42 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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- Anonymous2 months ago
I have no debt and no salary.
- JudyLv 72 months ago
not enough info to say.
- 2 months ago
All of it...........