Can you tell the difference between good and bad debt?
By: Bogie Boric Personal Finance Views: 6928 | Comments: 1 | Votes: 0
Is there such a thing as good debt? Yes. Is all debt bad? No. Debt is simply the obligation to repay an amount for services or purchased property funded by another. Bad debt is debt that strains personal financial stability. Credit cards can be valuable in establishing credit history but they are often misused. Creditors take a long hard look at your good debt. More