The Power of Debt: Not All Is Bad

The Power of Debt: Not All Is Bad

Most people view debt as something to be avoided at all costs. But that’s because most people don’t use their debt properly. A prime example of misusing debt is the credit card. People overcharge, don’t pay off the entire card at the end of the month, and then find themselves unable to pay off the debt without also paying extremely high interest, often for years.

However, certain types of debt, such as an equity-backed line of credit, or SBLOC, can be helpful. They can even save you or earn you money. SBLOCs are continuous lines of credit based on the value of your account assets. These are great ways to use debt to your advantage.

How security-backed loans work

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