Is all debt bad? Good debt vs. bad debt
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By Nigel Woollsey
At a glance
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Not all debt is bad – some assets and benefits are a good investment in your financial future.
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Avoid using credit to buy ‘non-essential’ items or services, unless you can pay off the whole amount before any interest is charged.
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Good debt doesn’t mean that the asset purchased necessarily increases in value, so long as it has additional benefits over time, such as a car loan.
Why not all debt is ‘bad’
Very often people will assume that all debt is ‘bad’. ...
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