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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.
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∙ 12y ago
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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.
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 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.
Is having debt good or bad?
To be in debt is usually considered bad.
What is the difference between a cf4 and a cf5?
good and 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 good and bad morals?
Good moral is when you know you are not supposed to do something bad. You know its bad. Bad moral is you dont care, you just do it
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.
