Trusted local news leader for Prescott area communities since 1882
Thu, July 09

Is your debt ‘good’ or ‘bad’?
It depends

A Virginia Commonwealth University student walks past the library June 20, 2019, at the school in Richmond, Va. Some debts that bring the promise of opportunity, like student loans or mortgages, might seem “good,” but that’s not always the case. And having credit card debt isn’t always bad. What makes debt “good” or “bad” depends on how it fits into your overall financial picture. (Steve Helber/AP)

A Virginia Commonwealth University student walks past the library June 20, 2019, at the school in Richmond, Va. Some debts that bring the promise of opportunity, like student loans or mortgages, might seem “good,” but that’s not always the case. And having credit card debt isn’t always bad. What makes debt “good” or “bad” depends on how it fits into your overall financial picture. (Steve Helber/AP)

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