These resources are brought to you by the Cooperative Extension System and your Local Institution

Personal Finance Home

“Bad” Debt

Last Updated: November 15, 2006

View as web page


Credit used to purchase items that depreciate in value or are no longer around when the bill arrives (e.g., food, restaurant meals, gasoline), especially if a balance is revolved and interest is paid.

Browse related Articles by tag: personal finance, financial security: consumer credit, glossary


Have a specific question? Try asking one of our Experts

Unlike most other resources on the web, we have experts from Universities around the country ready to answer your questions.


View this page: