: About Me

I live in Seattle.

Personal Finance > Managing Debt The difference between bad debt and good debt

19 of 23

"Neither a borrower nor a lender be," wrote Shakespeare and the bard's wisdom is one that would benefit many people today. As debts rise and defaults and bankruptcy dominate the news, the examples of the misuse of debt are everywhere. But not all debt is created equal and not all debt is bad. When used wisely (and sparingly) debt can help you improve yourself or your situation and end up being an investment in the future. Bad Debts Bad debt usually: Has a high interest rate and high fees Allows you to live beyond your means Is unsecured or tied to depreciating assets Is quick and easy to a...

More..

• Helium Charter Member