You may think that all debt is bad and it can seem like that most of the time, but believe it or not there are some debts out there that is good for you. Debt that increases in value over time can be good for you. Buying some houses in a rising neighborhood could put some more money in your pocket after you sell it. There’s always the fact that as long as you make your payments on time, your credit rating will go up and in turn get you a job that you would normally not get if you have bad credit. It may not seem like it now, but home mortgages, student and businesses loans can be seen as good credit, as long as you do the math.
October 30, 2009
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