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ANSWERS: 2
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Well, there is no exact answer. It all depends on the income and debt situations. Try to worry on these three rules. Rule #1. Never spend too much relying on credit. Only use credit that you can safely afford. Rule #2. You will never have the financial freedom once in debt. Always keep track of your finance. Rule #3. If possible, know ahead of your financial track by all means. Gain a basic knowledge or understanding on finance, debt, and income. Also, watch out for those traps on credit, as well as those advertisements. If you're careful on that, it could get to you.
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A range you can get out of would be 25% would be max. But I believe that would be to high, it would require you to work for 5+ years to get out of debt. The credit companies use 37%. My wife works for a bad lender, they use 33% as whether or not you should receive credit. Predatory lending is a good word for what most lenders practice.
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