The Good Debt, Bad Debt Game...MoneySaving Poll Results

Souk
Poll Started 14 July 2009:

The Good Debt, Bad Debt Game...

In the Teen Cash Class I ask a series of questions to explain the difference between good debt and bad debt. Hereís a version of the trickiest...

A single dad whoís just been made redundant gets a new job in the country. He lives eight miles from work and his young children go to school ten miles the other way. Thereís no public transport, so he needs to get a car or he canít work.

The cheapest possible reliable car is £1,500, but the cheapest debt rate is 12% and the repayments will be tough... is it

Results

A. Good Debt.5,938 votes (63 %)
B. Bad Debt.3,424 votes (37 %)

                   9,362 votes received.

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