What’s the difference between good debt and bad debt?
Debt is a part of life for many, but not all debt is created equal. Some types of debt can help you grow your wealth, while others can hold you back. Understanding the difference between good debt and bad debt is key to making smarter financial choices.
Good debt can help build equity. Here are some ways to achieve this:
1. Real estate: A mortgage used to purchase a home or investment property can build home equity.
2. Business: Start-up costs for a business can be considered good debt.
3. Education: Student loans can also be considered good debt.
4. Debt-to-equity ratio: A good debt-to-equity ratio is generally around 1.0
Simply Put, the Wealthy Buy Assets, the Poor Buy Liabilities, and the Middle Class Buy Liabilities Believing They Are Assets.
We help you Restructure Bad Credit Card and other Unsecured Debts by providing you a means to an end, a Loan to get you out of a Forever Loan, Called Credit Card Debt.
Contact us today to attain a loan to Re-Structure your Bad Debt!