anyone pls answer these asap!!!! will mark brainliest
1. You want to buy a car. You could take the bus (it’s cheaper) but you really want a car. You take out a loan to buy it. Is this good debt, bad debt or ugly debt? Why?

2. You want to buy a car so you can get a job as a delivery person. You take out a loan to buy it. Is this good debt, bad debt or ugly debt? Why?

3. You love shoes. You open a store credit card and buy $700 worth of new shoes. Then you realise you can’t make the minimum payments, they’re higher than you expected. Is this good debt, bad debt or ugly debt? Why?

4. You want a pony. You have always wanted a pony. You can buy a pony for $1000. You don’t have $1000 right now, but you can get a credit card to buy the pony with. Is this good debt, bad debt, or ugly debt? Why?

5. Ok, you want a pony, and it will cost you $1000. You don’t have $1000 right now, but you do have a business plan to giving pony rides to the kids in the neighbourhood, and your bank might lend you $1000 to start a business if you have a good plan. Is this a good debt, bad debt or ugly debt? Why?

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Аноним Аноним · Answer 1 · 2020-10-21T14:14:16+02:00

Answer:

1. Bad debt. How? Because you're taking out a loan to buy something that's deprecating to your funds, responsibilities of being a car owner.

2. This is a good debt. Why? Because your taking out a loan as an investment in the hopes of creating wealth with the job.

3. Ugly debt, already in debt, you have to deprecate yourself financially by making shoe payments over time which reaps you nothing but more debt.

4. Bad debt, How? Your just going to buy something that does nothing but hurt your funds. Already the pony alone is a horrible purchase.

5. Good debt, because your investing in something that will create wealth in the future. Think student loan debt.

Hope this helps ;)