Lori earns $3,898 per month. She has a monthly rent payment of $980 along with average credit card payments of $325 and student loan payments of $250. She wants to finance a car but needs to determine her maximum car payment to keep her back-end DTI at 39%. 

What would be the maximum that car payment could be?

Answer rating: 100% (QA)

To determine Loris maximum car payment we need to first calculate her total monthly debt payments an... View the full answer