Debt: Loans
- Personal Capital = True Assets - True Liabilities
- Loans? depends on "Good" or "Bad" loans.
- Good loans - Education, Business, Home, etc.
- Bad loans - Credit cards, car loans, etc.
- Your credit score is an important indicator to lenders of your ability to repay loans.
- Maintaining credit score: pay off loans on time, use credit cards carefully.
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[2/4] Personal Finance is a very crucial concept that is often ignored. This is an attempt to spread awareness related to personal finance.
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