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What debt are considered a good debt?

 
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Agung
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PostPosted: Thu Aug 28, 2008 6:32 am GMT    Post subject: What debt are considered a good debt? Reply with quote

What debt are considered a good debt?
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stillRenting
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PostPosted: Thu Aug 28, 2008 6:29 pm GMT    Post subject: Reply with quote

A debt is a good debt when the returns from the investment you are purchasing with the debt are higher than the debt payments. Read up on NPV (Net Present Value).

So in the case of buying a home, a debt is a good debt if the money you are saving from Renting are higher than the payments to your mortgage.
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john p



Joined: 10 Mar 2006
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PostPosted: Thu Aug 28, 2008 7:44 pm GMT    Post subject: Reply with quote

I think that these are terms that a lending institution uses to qualify your creditworthiness. A thousand dollars of student loan debt is most likely considered better debt than say a thousand dollar credit card debt.
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Boston ITer
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PostPosted: Wed Sep 03, 2008 5:47 pm GMT    Post subject: Reply with quote

Quote:
A thousand dollars of student loan debt is most likely considered better debt than say a thousand dollar credit card debt


That's basically it. It's a either a recourse loan (like a student one, where a bankruptcy filing doesn't forgive it) or a secured one (car or home loan).
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