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    Bad debt, on the other hand, is debt incurred for items that decrease in value, such as cars, clo

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    All debt is bad debt right? Wrong! Although it may sound counter-intuitive, there is such a thing as good debt. “Good debt is investment debt that creates value; for example student loans, real estate loans, home mortgages, second mortgage loans, and business loans,” says Eric Gelb, CEO of Gateway Financial Advisors and author of “Getting Started in Asset Allocation,” in a recent article on Bankrate.

    Bad debt, on the other hand, is debt incurred for items that decrease in value, such as cars, clo

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    good debt. “Good debt is investment debt that creates value; for example student loans, real estate loans, home mortgages, second mortgage loans, and business loans,” says Eric Gelb, CEO of Gateway Financial Advisors and author of “Getting Started in Asset Allocation,” in a recent article on Bankrate.

    Bad debt, on the other hand, is debt incurred for items that decrease in value, such as cars, clo

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    loans, home mortgages, second mortgage loans, and business loans,” says Eric Gelb, CEO of Gateway Financial Advisors and author of “Getting Started in Asset Allocation,” in a recent article on Bankrate.

    Bad debt, on the other hand, is debt incurred for items that decrease in value, such as cars, clo

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    ncial Advisors and author of “Getting Started in Asset Allocation,” in a recent article on Bankrate.

    Bad debt, on the other hand, is debt incurred for items that decrease in value, such as cars, clo

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    Bad debt, on the other hand, is debt incurred for items that decrease in value, such as cars, clothes, plasma TVs. Credit cards are typically the culprit behind creating bad debt. Interest rates on credit cards are usually very high, and if your balance isn’t paid in full each month, you end up paying more for items that are continually decreasing in value.

    By refinancing your high interest credit card debt into a home equity loan, you can turn that bad debt into good debt and – here’s the be

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