While you should pay off your debt as soon as possible, this debt to income ratio should allow you to live the lifestyle you want without major constraints.
. You should avoid incurring more debts, and might have a problem getting approved for a mortgage or yet another loan. Still, you are in a relatively good situation.
. You probably won't get approved for any additional loans; you should start working on a plan that will help you reduce your debts.
. Such a debt to income ratio indicates financial trouble. You should devote as much money and energy as possible to pay off your loans.
. More than half of your income is used to pay off debts and mortgages. If you're not following a strict payment plan yet, don't hesitate to consult a financial advisor and get professional help.