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John Burnside

Different Kinds of Debt

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Consumer Debt


Consumer debt consists of debts that are owed as a result of purchasing goods that are consumable and/or do not appreciate.


Installment Debt: Debt you pay back over a set period-of-time

  • Car Loans
  • Student Loans
  • Appliances and other large household items


Revolving Debt: Debt you can carry forever

  • Credit Cards


Investment Debt


Borrowing to buy investments can be an effective way to boost potential returns


Family Mortgage

  • Bank or other Financial Institution


Business Venture/Real Estate

  • Take out a loan or line of credit
  • Bank
  • Private Lenders


Borrow against your home equity

  • Bank


Margin Loan

  • Brokerage Firm

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