Isaac wright has a monthly take-home pay of 1030 he makes, Financial Management

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Isaac wright has a monthly take-home pay of 1030 he makes

Isaac Wright has a monthly take-home pay of $1,030; he makes payments of $370 a month on his outstanding consumer credit (excluding the mortgage on his home).

How would you characterize Isaac's debt burden?

What if his take-home pay were $880 a month and he had monthly credit payments of $170?

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Financial Management: Isaac wright has a monthly take-home pay of 1030 he makes

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Financial Management: Isaac wright has a monthly take-home pay of 1030 he makes

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