The Great, The Good, The Disastrous - What Debt Do You Have?

We all have debt. But how much of it is actually bad for us? Paul Clitheroe, from Money Magazine, breaks down the different types of debt that you may be faced with as you progress through life. Be warned...not all debt is bad. In fact, some debt is actually great to take on!

Before you get too excited and start googling your next luxury item, have a read through this article to help you distinguish between the great, the good and the disastrous types of debt you may find yourself acquiring.