Question

Help me, please.

⇒ Debt you've seen in your everyday life
⇒ Potential debt you plan to get into and why. What are the potential benefits of getting into this debt? What do you hope to get out of it?

Answer 1

1) Auto loan - a lot of people take auto loans to purchase their dream car although it considered as a bad debt as a car usually is very expensive.

2) potential debt I wouldn't mind getting into would probably be something for myself aka self development. investing in yourself by borrowing for more education or to consolidate debt. it can increase your ability to save for the future, build wealth, etc.