"Less ideal debt" is for buying an asset that drops in value, like a car loan, or has a high interest rate, like credit cards. "Necessary debt" is used to buy an asset that can rise in value, like a ...
According to an Experian consumer debt study, the average debt of Americans in 2024, including mortgages, credit cards, and auto, personal and student loans was $105,056. Tackling thousands of dollars ...
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