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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
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∙ 13y ago
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Why is third world debt good?
its not 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 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.
Why is fair trade a good thing?
Fair trade is good because it produces products that are fresher, yummier, healthier and most importantly help third world countries
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 world hunger a good thing?
no
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.
Why is third world debt bad?
Because their economies and their tax revenues, with which they pay back their foreign debt, is always in doubt. To be owed money by these governments is always a risky proposition. A good analogy would be - lending 10 dollars to a street person and expecting them to pay it back to you, with interest, from the pay they receive from their next job. Get the picture?
