Good versus Harmful Debt
Not all debt is exactly the same. Some debt, like a loan for education or a home, is often considered more likely to help you build value over time. Other debt, like high-interest debt for something that loses value quickly, can be harder to pay off. It can also cost more in the long run. This does not mean one type of debt is always good or always bad. It depends on the situation and the specific loan's own terms.
This explanation is AI-generated and can occasionally be wrong.
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