Can debt ever be a good thing?

By: Alex Hartley Nov 19, 2015 Can debt ever be a good thing? There is no doubt that debt that is badly managed can be problematic for everyone and it’s important to make sure that the level of debt that you have doesn’t overwhelm you. However, the purpose of debt is not to get individuals into a sticky spot but out of it. It should be about achieving your dreams earlier than you might otherwise be able to if you had to save up first. There are many different types of debt in modern society and most of it is designed to be constructive and to help you move your life on another step – if responsibly managed it can do just that. But what kinds of debt are there and how might these help? Mortgages The most common type of debt by far in the UK, a mortgage is essentially a long-term loan. At its simplest, a mortgage is supplied by a lender in order to enable the borrower to buy a property – without a mortgage most people wouldn’t be able to afford to get on the property ladder unl
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