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Share Name | Share Symbol | Market | Type |
---|---|---|---|
KeyCorp | NYSE:KEY | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.45 | 2.98% | 15.56 | 15.61 | 15.30 | 15.30 | 13,543,358 | 00:50:18 |
CLEVELAND, March 23, 2015 /PRNewswire/ -- Financial health doesn't require living debt free. According to the Consumer Financial Protection Bureau, there is nothing wrong with having debt as long as you manage your debt responsibly and are not overwhelmed by the amount of debt you've accrued.
The tipping point varies when it comes to managing debt and having debt manage you. Generally speaking, however, it's best to have a low debt to income ratio, or DTI. DTI refers to the percentage of debt – your total monthly loan payment – to your monthly income before taxes. You should aim to keep your DTI at 40 percent or less, particularly if you want to qualify for a loan with low interest rates.
Feel as if you've past your personal debt tipping point? KeyBank has some suggestions to help you regain your balance:
This material is presented for informational purposes only and should not be construed as individual tax or financial advice. Please consult with legal, tax and/or financial advisors. KeyBank does not provide legal advice.
About KeyCorp
Key traces its history back more than 160 years and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key has assets of approximately $93 billion. Key (NYSE:KEY) provides deposit, lending, cash management and investment services to individuals, small and medium-sized business under the name KeyBank National Association. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.
For more information about Key, visit www.key.com, or follow Key on Twitter at @KeyBank_News and @KeyBank_Thrive.
Banking products and services are offered by KeyBank National Association. Key.com is a federally registered service mark of KeyCorp. ©2015 KeyCorp. KeyBank is Member FDIC
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/six-tips-to-help-manage-debt--and-maintain-financial-health-300054309.html
SOURCE KeyCorp
Copyright 2015 PR Newswire
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