Category: Debt

The Difference Between Good Debt and Bad Debt

When you see the word debt, undoubtedly the first thing that pops into your mind is a credit card bill or a car payment. For many, debt means a mortgage or other high dollar expenditures. However, there are two main forms of debt and they are very different from one another. You cannot paint them with the same brush since they are fundamentally different at their various cores. In order to better understand debt, let’s take a look at these types and discover how debt can actually be good for you when managed properly.

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