Want to create an interactive transcript for this episode?
Podcast: DebtMatters Podcast
Episode: 21 - Differences Between Good Debt and Bad Debt
Description: According to the latest Stats Canada report there was $1.73 in ‘credit market debt’ for every $1.00 of household disposable income. Canadians are taking on more debt. But taking on debt is fine as long as most of it is ‘good debt’. In this podcast Licensed Insolvency Trustee, Derek Chase takes a look at different kinds of debt. What is classified as ‘good debt’ and what is ‘bad debt’. Derek also offers advice on how to conquer bad debt. Other topics covered are:How to avoid bad debtHow good debt can turn badWhy income tax debt is considered bad debtThe most popular opti...