You really shouldn’t rush out and take on debt, but there are times when it actually makes sense not to pay it off. All debt is not alike. Some of the worst kinds, such as unsecured credit card debt, can wreck your budget, but even there, you have cases where it won’t, and it could even work to your advantage. Other kinds of debt might seem imposing with those big red “Past Due” stamps but pose less of a threat to your financial future.
Continue reading… “Nine times when it makes sense not to pay off debt”
