You owe a lot compared to your annual income

By Adrian Davies | July 28, 2021

If you owe between 50% and 100% of your annual income it can be harder to get a loan. For example, if you owe £10,000 and your earnings are £20,000 per year – your annual debt ratio is 50%. Some lenders may consider that you could become over-indebted. That is, a lender might think you…

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