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How would you characterize Isaac debt burden

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Problem - Evaluating debt burden. Isaac Wright has a monthly take-home pay of $1,685; he makes payments of $410 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 was $850 a month and he had monthly credit payments of $150?

Reference no: EM132801651

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