Tuesday, June 21, 2011

Wise debt management

http://money.cnn.com/2011/06/17/pf/expert/debt_free.moneymag/index.htm

I've heard my fair share of people say they are going to go debt free from now on. I at first thought that sounded good. But I have since changed my opinion of that, while too much debt is a bad thing, carrying a little debt is not. People with no payment history towards debt do not get as good interest rates as people who have proven they can wisely handle debt.

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