GLOSSARY

Daily periodic rate Debit card Debt Debt Collector Debt Consolidation Debt-to-income ratio Debtor Default Default APR Deferred payment Delinquency Delinquency assessment Discharge Dispute Double-billing cycle Down payment Due date
GLOSSARY TERMS by Alpha
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Debt-to-income ratio

The percentage of gross monthly income that goes toward paying for the monthly housing expense, installment debts, alimony, child support, car payments and payments on revolving or open-ended accounts such as credit cards.

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