Using more than 20 percent of one's take-home income to pay off consumer debt is one of the signs that he or she may be headed toward serious credit problems.

Question

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Using more than 20 percent of one's take-home income to pay off consumer debt is a significant portion and can lead to difficulty in making ends meet, missing payments, and ultimately hurting one's credit score.

Using More Than 20 Percent of One's Take-Home Income to Pay