Are interest bearing loans bad?

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Reanna Windler asked a question: Are interest bearing loans bad?
Asked By: Reanna Windler
Date created: Thu, May 13, 2021 10:49 AM
Date updated: Thu, Jun 23, 2022 8:25 AM

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Top best answers to the question «Are interest bearing loans bad»

Interest-only loans aren't necessarily bad, but they're often used for the wrong reasons. If you have a sound strategy for how you will use the extra money (and a plan for getting rid of the debt), then they can work well. It's important to distinguish between actual benefits and the temptation of a lower payment.

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