Generally speaking, debt can be classified as good or bad based on how it affects finances and the life of the individual or business. Good debt is used to increase income or build wealth, while bad debt can cause financial stress or hinder growth. For example, mortgages and student loans are considered good debt because they help build equity, while credit card and payday loans may be classified as bad debt.

Debt Problems

get help with debt man covered in bills holding help sign

Debt Problems – everyone runs into a bit of debt every now and again, even some of the rich and famous have been there at some point in their lives If the debt is controlled then there isn’t normally a problem. Controlled debt would be things like personal loans, credit cards, car loans, mortgages, etc. …

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