Certain types of debt can be used as financial tools to provide opportunities, such as a mortgage or a student loan. But even though a particular type of debt seems to work in your favor, it may not be the right choice.
To make smart decisions about if, when and how much to borrow, you need to understand how to manage debt and make it work for you.
Debt that can work for you
To work for you, debt should ideally be low-cost and have potential tax advantages. Here are two types of debt that can work for you and…