Anyone who has ever read a book by Robert Kiyosaki, one of his ongoing themes is “good-debt” and “bad debt”. Good debt is money you borrow to buy assets which tend to appreciate in value, like property and shares.
Bad debt is when you borrow money to buy depreciative assests, like cars and holidays. Credit cards, if not used wisely, can quickly turn into bad debt. Good debt can help you build wealth quick than just trying to save money.
Bad Credit Loans is a great site which you can get all the information you need about credit and loans.