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Yes, there is such a thing as "good debt," which typically refers to loans that are used to invest in assets that can appreciate in value or generate income, such as mortgages for real estate or student loans for education. These types of debt can lead to financial growth and improved earning potential. However, it's important to manage them wisely to avoid excessive financial burden. Ultimately, the concept of good debt depends on individual circumstances and the purpose of the borrowing.
What else can I help you with?
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 a debt settlement company with good reviews?
A debt settlement company with good reviews is the National Debt Relief company. Some other debt settlement companies with good reviews are CuraDebt, Oak View Law Group, Premier Financial Debt Help and many more.
Why is third world debt good?
its not good
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.
How will the US pay off its debt?
u.s needs to get good insurance to cover its debt.
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 is a good practice for managing debt?
practices for managing debt
What is a debt settlement company with good reviews?
A debt settlement company with good reviews is the National Debt Relief company. Some other debt settlement companies with good reviews are CuraDebt, Oak View Law Group, Premier Financial Debt Help and many more.
Debt payoff good or bad?
Good
Why is third world debt good?
its not good
Is having debt good or bad?
To be in debt is usually considered bad.
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 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.
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 a good way to get rid of your debt?
There is no easy way to get rid of debt. Contact a debt management company to help you manage your debt or contact someone that is an expert in debt management so you can eradicate your debt as soon as you can.
How will the US pay off its debt?
u.s needs to get good insurance to cover its debt.
