Tag: unsecured debt

Some kinds of debt, such as home mortgages and education loans, are linked to better child well-being while unsecured debt like credit card balances and overdue medical bills are tied to increasing behavior problems, according to a U.S. study.

"Our findings underscore that debt can be both positive and negative, depending on what it is being used for and the price or cost at which it is borrowed, in terms of interest rates, fees, and the like," said lead author Lawrence M. Berger of the Institute for Research on Poverty at the University of Wisconsin-Madison.