You owe as much as your annual income

By Adrian Davies | July 28, 2021

You owe more than 100% of your annual income. For example, if you owe £20,000 and your earnings are £20,000 per year – your annual debt ratio is 100%. This ratio does not include any mortgages. Some lenders might consider that you are over-indebted. This is because they may think you owe too much compared…

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