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Credit Facts : What You Need To Know To Manage Your Debt

1. There are good debts and bad debts. Some good debts can turn out to be bad. You take good debt when the debt adds value to your life, and when the benefit for the use of the debt is long-term or permanent. Examples of the use of good debt are for college education, a home that builds equity and enhances your family’s life, or a car that you need to reach your place of work effectively and on time. You al ...

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