Good debts vs. Bad Debts: What Are There In Your Life?

Applying for funding is a first step in starting a business ... if you know how to go about it. 06/18/2021 3 min read Debt scares us because it affects our credit history and can put a heavy strain on our neck for a long time.

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Applying for a financing option is an initial step in starting a business ... if you know how to handle them.

June 18, 2021 3 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Debts scare us because they can affect our credit history and put a heavy load on our neck for a long time.


But what if we told you that there are "good debts"? They are those credits or financing that help you increase your wealth, education or grow your business. Applying for a financing option is an initial step to start a business, therefore, it would not have negative effects on the economy of the company or the person.

“The real cause of complications due to indebtedness is not, in itself, the act of acquiring the commitment to pay; the problem comes when the obtained resources are used incorrectly through bad investments or unnecessary expenses. These are factors that invariably lead to over-ind ...

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