Despite the negative connotations often associated with debt being bad for consumers, when used responsibly, debt can add significant value by helping consumers manage their financial affairs and progress in life.
Lynette Kloppers, FNB Premier CEO, says the ongoing debate around what makes good or bad debt is as old as the origins of money. Debt can either be classified as being good or bad depending on how you use it, as well as its overall impact on your financial position in the long term.
Kloppers unpacks some of the benefits of using debt wisely:
1). Wealth creation when used to buy an investment property that will later pay for itself through rental income can help consumers build f…
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