There is no 'one-size-fits-all' recommendation is possible when considering the right amount of debt to assume. But that doesn't mean there are no good guidelines at all.Naturally, credit card companies and other lenders are happy to make available as much money as they think their borrowers will repay. They take risks, but those are calculated risks. They look at default rates, current interest rates and carefully review credit history when they make loans. Borrowers can benefit by following some aspects of their strategy. Continue reading →