Ask the Readers: When is it Right to Get a Loan?

by Jason Unger

Credit Card

Taking on debt is a hotly debated topic in the personal finance world.

Most people feel — including myself — feel that you should take on as little debt as possible during your life, but there are certain times when it is appropriate.

There are others who feel that at no time should you ever take on debt. And then there are others who don’t see a problem with taking on debt on a more regular basis (whether to invest, house flip, etc.).

But, I want to know what you think about this: when is it right to get a loan?

Answer the poll below and then let me know why in a comment. (You can select more than one answer.)

[poll id=”30″]

{ 1 comment… read it below or add one }

Ken January 12, 2010 at 6:22 am

I think a loan for college is good (that could be debated). You’re improving your chance of success in job market. Purchasing a home is also a good time to get a loan. Be sure you don’t buy one that is beyod your means.

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