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It doesn't work that way for secured loans. So you can take out a $250K loan on a $300K house, and it results in +$50K in net worth. For credit card loans, ther
by euroclydon 10y ago
It doesn't work that way for secured loans. So you can take out a $250K loan on a $300K house, and it results in +$50K in net worth. For credit card loans, there is no underlying collateral. For student loans it's the same.