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Updated over 10 years ago,

User Stats

506
Posts
25
Votes
Antonio Bodley
  • Alabama
25
Votes |
506
Posts

What is consider good debt and bad debt?

Antonio Bodley
  • Alabama
Posted

In my opinion bad debt is when you pay a debt that is not making you money for example paying bills and student loans. These debts are not making you money where as good debt is somewhat like and investment like using loans or even credit cards to use towards something that will yield a profit in return. I don't like using credit cards unless I really have to. What kind of debt would be worth the risk if I was to use $2,400 on my credit card?

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