Explore the ability to pay debts. Normally, the repayment of debt should not exceed 1/3 of their income each month as well.
If a loan has a monthly income 12000 to pay the debt by about 4000.
Check the old debt with new debt at will. That there is a lot or not. By the total amount of debt and the new debt per month to get together. Then see if there is more than 1 in 3 of the total monthly income or not.
For example, a loan to borrow 100,000 Payment Period nights 5 year repayment of debt (principal and interest) per month 1667 addition, borrowers with debt is to be paid per month is 1700, so when calculating the burden of debt. to pay up to 4000 per month to qualifying borrowers have the ability to repay debt.
While applying for Payday Loan, you must be very careful and ensure that you do it safely and smartly.
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