Bad debt can also affect your credit. Your credit utilization, which is the percentage of your available credit that you're using, plays a major role in your credit score. High balances and maxed-out ...

Figuring out when to take out a loan, pay cash, use leverage, or pass when something isn't affordable. Unpacking good vs bad debt. Myth: you should always pay cash if you can. Fact: investors should ...

In the world of personal finance, "debt" has a negative perception. However, not all debt is necessarily destructive for you. The answer is a bit more involved; some forms of borrowing can actually ...

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Determining whether a debt has become worthless always is a question of fact which requires consideration of all pertinent evidence—including the debtor’s financial condition and the value of any ...