Know the Difference between Good and Bad Debt

Know the Difference between Good and Bad Debt

Mossel Bay Debt Counselling

Knowing the difference between good and bad debt will help you plan better and help you manage your finances better.

 

Good debt has lower interest rates and is considered an investment, while bad debt has a much higher interest rate and can be prevented with the right planning.

When your debt got the better of you and you cannot manage to pay off your installments, contact Garden Route Debt Counsellors. Our fully qualified and registered debt counsellor will help you by negotiating a restructured payment plan, lower interest rates as well as a reduced monthly installment.

Visit the Garden Route Business Directory for more information on businesses in the Garden Route and Klein Karoo.

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