Is all debt bad? The answer is no there is good debt and bad debt. Let say you took a 1 million dollar line of credit to purchase some rental property. Let's say after 2 years your rental properties are worth 2 million dollars. Would you look at the million dollar debt as bad debt or an Investment. Credit is a tool that can help you generate wealth if used properly or put you into financial ruin. Be wise with your credit. If you have credit and debt problems we can help
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