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Why loans are good?


Why loans are good?
RE: Why loans are good? 11
(05-12-2018, 10:59 AM)Naoms Wrote: The most important consideration when buying on credit or taking out a loan is whether the debt incurred is good debt or bad debt. Good debt is an investment that will grow in value or generate long-term income. Taking out student loans to pay for a college education is the perfect example of good debt.
What do you think guys?
Buying on credit by using credit cards  or taking out loans can be beneficial as you said and it can also be harmful to ones finances if you use it the wrong way like most first time credit card users do.  

In my opinion it should be the responsibility of the banks to teach and educate their credit card holders on the proper use of credit cards, by doing do card holders would be now aware on the proper use of their credit cards.
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