The debt payment should never be more than 20% of the monthly net income.
It's important in my life because with this knowledge, I could enhance my credit card score and prevent myself from falling into debt.
What is the difference between a good and a bad credit card?
A good credit card could positively enhance his/her future financial, where he/she can buys and loans a large amount of money where a bad credit card could negatively affect his/her future financial by preventing his/her from buying or loaning a large amount of money.
It's important for me to know this so that I can have a deeper meaning about a good and a bad credit card where it uncovers that I must have a good