It probably won't help if you don't have sufficient income to not only
comfortably service the debt, but also to make additional payments to pay down the debt more quickly.
Many people who are insolvent live paycheck to paycheck and can
comfortably service their debt by making payments each month.
Not exact matches
Regardless of your
debt servicing ratio, you need to know that you can
comfortably afford your monthly payments (both principal and interest) now and in the future and that you will be able to repay your
debt within a reasonable period of time.