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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.

Source

How Money Are You: Good Debt vs. Bad Debt

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

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gabiushka gabiushka 8 years
0 out of 3. Good thing I dont consider ANY kind of debt as good. Cash is always the way to go.
princessjaslew princessjaslew 8 years
that wasn't too bad.
princessjaslew princessjaslew 8 years
that wasn't too bad.
angelfromlsu angelfromlsu 8 years
Dave Ramsey would say no debt is good...I agree with the quiz except for student loans.
carhornsinapril carhornsinapril 8 years
3/3. but let me tell you, right now student loan debt doesn't feel so good!
SkinnyMarie SkinnyMarie 8 years
easy as pie.
SkinnyMarie SkinnyMarie 8 years
easy as pie.
Shopaholichunny Shopaholichunny 8 years
:WOOHOO:
Shopaholichunny Shopaholichunny 8 years
:WOOHOO:
bellaressa bellaressa 8 years
3/3 -yea me!!!
bellaressa bellaressa 8 years
3/3 -yea me!!!
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