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Author Question: Why is it important to monitor your debt level? (Read 249 times)

krzymel

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Why is it important to monitor your debt level?


◦ So it does not become so high that you cannot cover the monthly payments
◦ So that you maintain a liquidity ratio of at least 2.5
◦ In order to qualify for another credit card to capture the introductory points
◦ So that your total debt does not exceed your annual income


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Marked as best answer by krzymel on Apr 12, 2019

mfedorka

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krzymel

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Thank you!



mfedorka

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Always glad to help...



 

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