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GOOD / BAD DEBT

 

All debt is not equal. Good debt is that which will appreciate over time and lower interest rates. This includes a mortgage and a student loan, which will most likely lead to higher earnings. Bad debt is that which will depreciate over time and higher interest rates. Forms of bad debt are: (1) credit cards, which accumulate interest, (2) car loans, which loses value over time, and (3) high-interest personal loans.

 

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