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Your Money: ‘Good’ and ‘bad’ debts: Know the differences
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By Supriya Suri
Loans play a major role in helping us realise our aspirations and achieve many life goals. Of late, consumers are increasingly using credit to make payments in a convenient manner, and do not wait to save and spend. But at the same time, certain debts tend to become a liability resulting in unwarranted stress. Thus, it is important to understand the difference between a good debt and a bad debt for anyone looking to make informed financial decisions.
What is ‘good debt’? Good debt
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