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Difference Between Good Debt and Bad Debt

How Money Are You: Good Debt vs. Bad Debt


While we're usually talking about the importance of getting rid of debt, there's some kinds of debt that are looked upon more favorably than others. They're typically divided into two categories, good debt and bad debt. If you're looking at your overall financial situation, it's best to pay off the bad debt and then tackle the good. Take the quiz to see if you know what falls in to each category.

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How Money Are You: Good Debt vs. Bad Debt

Is credit card debt generally considered good debt or bad debt?

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