0
What else can I help you with?
What distinguishes good debt from bad debt, and how does this difference impact financial decisions?
Good debt is typically used to invest in assets that have the potential to increase in value or generate income, such as a mortgage for a home or a loan for education. Bad debt, on the other hand, is used to purchase items that quickly lose value or do not generate income, such as credit card debt for unnecessary purchases. Understanding the difference between good and bad debt is crucial in making sound financial decisions. Good debt can help build wealth and improve financial stability, while bad debt can lead to financial stress and hinder long-term financial goals. By prioritizing good debt and minimizing bad debt, individuals can make more informed decisions that support their financial well-being.
What is the difference between debt settlement vs bankruptcy?
There is a subtle difference between debt settlement and bankruptcy. Debt settlement allows a person to pay off some of their debt with their creditors. Bankruptcy claims do not result in payment of the debt. Either practice creates bad credit scores for the consumer.
What is the difference between good and bad power?
There is no difference, its how you use them that makes them good or bad. or rather the user. Your sexy butt.
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.
Is having debt good or bad?
To be in debt is usually considered bad.
What is the difference between good and bad government?
a bad government is run by republicans
Debt payoff good or bad?
Good
What is the difference between a good witch and a bad witch?
a bad witch will kill you if they have to but a good witch trys to help you
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.
What is the difference between good and bad friend?
always get rid of the bad friends good friends stick wiv u
What is the difference between no good and not good?
No good: It means it's bad. Not good: Doesn't necessarily mean it's bad. It could be mediocre. But it isn't 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.
