So-called “bad” debt — high-interest borrowing for depreciating assets or non-essential expenses ... MORE: Principal vs. interest How much debt should I have? Your monthly debt payment ...

Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, researcher, and educator. She is a financial therapist and transformational coach, with a special ...

If you're trying to dig yourself out of debt or you're about to take a loan, you'll want to know the difference between secured and unsecured debts to create a well-laid-out repayment plan.

In fact, taking out debt can be a short-term cost to long-term wealth. Good debt vs bad debt There is no official rule dictating the difference between good versus bad debt. That said, good debt ...