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Unfortunately debt can never be a good thing as such. Having a credit record or some sort of record that shows you have been able to pay your debts in the past will hugely count in your favor when applying for a loan or a bond etc. The fact of the matter is that one should always avoid excessive debts and aim to buy only with the money you have. Consult a debt counsellor when struggling with debt.
Ila Harris
Wiki User
∙ 11y agoUnfortunately debt can never be a good thing as such. Having a credit record or some sort of record that shows you have been able to pay your debts in the past will hugely count in your favor when applying for a loan or a bond etc. The fact of the matter is that one should always avoid excessive debts and aim to buy only with the money you have. Consult a debt counsellor when struggling with debt.
Wiki User
∙ 14y agoYes one you are paying the payment on,on time, it builds your credit.
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What if you don't have a student loan?
That is a good thing. Loans, as a debt obligation, are a bad thing.
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.
Is third world debt a good thing or a bad thing and why?
Its funny third world debt is bad because it affects use as it cuts down are money which is hard for use to get the stuff we need x
Is There is a such thing as good debt?
Unfortunately debt can never be a good thing as such. Having a credit record or some sort of record that shows you have been able to pay your debts in the past will hugely count in your favor when applying for a loan or a bond etc. The fact of the matter is that one should always avoid excessive debts and aim to buy only with the money you have. Consult a debt counsellor when struggling with debt.
Is there such thing as good debt?
Unfortunately debt can never be a good thing as such. Having a credit record or some sort of record that shows you have been able to pay your debts in the past will hugely count in your favor when applying for a loan or a bond etc. The fact of the matter is that one should always avoid excessive debts and aim to buy only with the money you have. Consult a debt counsellor when struggling with debt.
Why is debt a good thing?
it can be yes Sometimes it makes sense to go into debt. Generally if it's something important to you and it'll last longer than the loan (such as a house, education, or a car) debt is reasonable. hope it helps
Is debt good for Caribbean economies?
No, debt is good 4 no one!!!
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.
What are good tips for creating your own debt management plan?
The most important thing to consider is the cost of borrowing. By consolidating one's debt, one can often get a lower interest rate and make it more manageable to pay off the debt.
Take On Debt Collection With Confidence?
If you ever find yourself in a situation where you are facing a debt collector, don't be afraid. You can take control of the process and make a good thing from a bad situation. The best thing to do is not to ignore the phone calls. Debt collection will not get resolved if you do this. Talk to the debt collector calmly and make sure they address you in a professional manner. Don't admit to owing a debt or making arrangements to pay the debt on the first contact. Give yourself some time to process the information before taking action.
Is accounts payable and debt the same thing?
no
What is a good practice for managing debt?
practices for managing debt
