Comments on: Good vs. Bad Credit: When and When not to Borrow

By: Tips to Improve Credit Score | BudgetPulse Blog | Personal Finance Tips and News

Wed, 18 Jan 2012 16:19:09 +0000

[...] you don’t use the credit you have been given, your credit score might go down. During these tough economic times, it is even possible for [...]

By: Up2date

Up2date — Thu, 05 Jan 2012 07:22:08 +0000

The blog is pretty interesting, keep posting good info.

By: How to get the best loan company should you have a bad credit rating. How to get yourself a low interest loan when you suffer from a bad credit record | Business Article Exclusives

Fri, 28 Oct 2011 01:19:12 +0000

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By: creditloansnz

creditloansnz — Fri, 10 Dec 2010 09:40:56 +0000

if you have a credit loan be responsible borrower that is capable of paying back the loans on time without fail. Make sure you are only borrowing the very minimum you need in order to pay your bills or tuition or emergency situation.

By: Mark W

Mark W — Tue, 31 Aug 2010 16:56:27 +0000

I agree, it’s best to stay away from installment borrowing. Finance company debt will make your credit profile look more risky.
Mark W´s last blog ..Loans For People With Bad Credit

By: 50 Blog Posts About Obtaining a Car Loan with Poor Credit | CarLoans.net

50 Blog Posts About Obtaining a Car Loan with Poor Credit | CarLoans.net — Mon, 23 Aug 2010 13:49:24 +0000

[...] When and When not to Borrow – This blog talks about the right time to get a car loan if you have good, fair or poor credit. [...]

By: Joel Gray

Joel Gray — Sun, 16 May 2010 03:07:54 +0000

Live within your means and not borrowing more than what you can easily afford to pay back should be the two guiding factors in deciding whether to borrow or not.

By: Loans

Loans — Fri, 30 Apr 2010 09:44:30 +0000

Good Debt

Good debt includes anything that is too expensive to pay cash for but is still something you need. Buying a home is an example of taking on good debt because you need a place to live.

Most mortgages have lower interest rates compared to high interest debt like credit cards. As long as your monthly payment is within your budget, a mortgage gives you an excellent credit reference.

Financing a car is another example of good debt especially if you plan to drive it after your loan payments have stopped. The key thing to remember is shop for the lowest interest rate possible.

Bad Credit Debt

Bad credit debt is any form of debt with a high interest rate for things you really don’t need. An example would be to charge an expensive vacation on a credit card that you can’t really afford.

The worst form of bad credit debt is credit card debt because it carries the highest interest rates. It’s easy to over extend yourself with credit cards and it is by far the way most people acquire bad credit debt.Loans

By: Fraser Taylor

Fraser Taylor — Tue, 16 Mar 2010 11:01:57 +0000

I’m very impressed with your article, it would be great if they made more of this topic available at schools to try to drum into kids that debt is a terrible burden to have, when things go wrong.

Easy to get, difficult to lose.

The younger generations could learn from our fore-fathers “no pay, no play”

regards

Fraser