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To be in debt is usually considered bad.
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∙ 16y ago
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How is bad debt different from good debt?
Good debt is an investment helps to build credit. Bad debt is the amount that the entity has lost.
Debt payoff good or bad?
Good
Is 50 percent debt a good or bad thing?
Bad if you can't pay it back. If you can, it's neither bad nor good. Debt is never good in itself. For a country, that's a somewhat bad debt percentage. For a middle-aged individual, it's pretty good.
How can I pay off my debt?
First you must understand the two types of debt. Good Debt and Bad Debt. Good Debt = Appreciating Asset Bad Dept = Depreciating Asset Pay off your bad debt first and you do this by analyzing all your income and expenses. From this information create a budget that includes a debt repayment plan.
What is the difference between bad debt and good debt?
Good debt refers to investments such as home mortgages or student loans provided you can manage the monthly payments. Bad debt is debt incurred for purchases that you don't need or cannot afford.
Is a debt ratio of more than 20 percent good?
no because debt is always bad.
Is settlement good or bad on credit report?
Debt settlement is good for your credit rating. Just settle the debt and move on. Do not use a debt settlement company, ever.
Where can someone find information about bad credit loans?
One may find information about bad credit loans from Consolidated Credit. They have been helping to inform consumers about debt reduction and how to avoid having debt again once they are debt free.
Is having a high GDP good or bad?
Good
What if you don't have a student loan?
That is a good thing. Loans, as a debt obligation, are a bad thing.
Is having a good thing?
Yes, but having too much can be bad.
Is having organisms in a town water source good or bad?
It is bad.
