What is an ideal Yearly Income to Total Permissible Credit Available Window?
This should be a simple enough question here. Let's say a person make a wage of $100k a year.... Should they not have available credit over about 1.5 times their yearly income or is it 2.5 times? It seems like I'm recalling something like this but I just can't remember what I had learned about it. Maybe this has something to do with the M-I-R credit spread?
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