Advantages and Disadvantages of DEBT?

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Advantages and Disadvantages of DEBT?

hello..
can you help me?
what are the positive effects of debts?
what are the negative effects of debts?
advantages and disadvantages of debts?
pls cite as many as you can!
thanks
-Karen

2007-12-05 23:25:20 · 2 answers · asked by Anime Princess 2 in Education & Reference ➔ Homework Help

2 answers

I think we both have the same problem!

2007-12-09 01:51:49 · answer #1 · answered by Julrey S 1 · 0⤊ 0⤋

There are no advantages to debt. It means you owe money to someone and have to pay it.
The disadvantages: you owe money to someone and have to pay it back. It may lower or ruin your credit rating.

2007-12-05 23:33:54 · answer #2 · answered by regerugged 7 · 0⤊ 0⤋