Good Debt VS. Bad Debt: Know the difference

Good Debt VS. Bad Debt: Know the difference
When you think of consumer debt, it’s important to understand that there are distinct differences between certain types of debt. Here’s a breakdown that explains both “good” and “bad” debt – and why some experts may classify them in these ways. MORTGAGE DEBT = GOOD DEBT Mortgage debt typically falls under the “good” debt category because it helps you maintain a strong credit history and your investment is tax-deductible. Your house is also an asset th