Debt Reduction Tips - Good Debt vs. Bad Debt Video

Debt Reduction Tips - Good Debt vs. Bad Debt

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By: MonkeySee.com - Business

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Debt Reduction Tips - Good Debt vs. Bad Debt -

Learn how to reduce or eliminate you debt with this instructional video - What are examples of good debt vs....

Debt Reduction Tips - Good Debt vs. Bad Debt -

Learn how to reduce or eliminate you debt with this instructional video - What are examples of good debt vs. bad debt?

Added:

8/3/09

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Debt Reduction Tips - Good Debt vs. Bad Debt budgeting strategies debt elimination plan debt reduction financial counseling financial education learn about credit self-evaluation of debt load

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Host: What are examples of good debt versus bad debt?
Linda Stroman: Good debt would be things that appreciate in value that build on net worth, for example, a mortgage, a home, buying of home, retirement investments and things along those lines.

Bad debts are things that basically for example a car when you’re driving off a lot, it depreciates and then lose its value. So things that does not build on net worth but kind of considered to be liabilities so things like credit cards with loading credit installment type payments. Thousand put us in arrears, a default in student loan, those types of things are basically what we call bad debts.

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