The problem with ‘good debt’: Why borrowers should think twice about the label
Summary
Financial experts warn that categorizing certain borrowings as beneficial can be misleading for consumers. Instead of relying on traditional labels, individuals need to carefully evaluate the financial risks involved before taking on these obligations.
Mortgages and student loans are often called "good debt." Experts say that label can hide the real question: Can you actually afford the risk?
Source: Read the full story at US Top News and Analysis
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