"When it comes to debt, we have a simple philosophy: Debt is dumb.
Some people underestimate their pile of debt because they think “good debt” doesn’t really count against them. But here’s the deal: there’s no such thing as “good” debt.
What Is Debt?
No matter how people try to sugarcoat it, any time you owe money to anybody, that’s debt. Our culture may say certain types of borrowing doesn’t count as real debt—but that’s just not true.
Debt can turn up in many forms, so it’s good to know the different ways it can be described: ... "
https://www.daveramsey.com/blog/sneaky-things-that-are-debt
Some people underestimate their pile of debt because they think “good debt” doesn’t really count against them. But here’s the deal: there’s no such thing as “good” debt.
What Is Debt?
No matter how people try to sugarcoat it, any time you owe money to anybody, that’s debt. Our culture may say certain types of borrowing doesn’t count as real debt—but that’s just not true.
Debt can turn up in many forms, so it’s good to know the different ways it can be described: ... "
https://www.daveramsey.com/blog/sneaky-things-that-are-debt