Frequent Small debts vs Occasional Large Debts: Which wrecks finances the most?

[Trush Jodie]

Debts are meant to be repaid and they always have very effects on the finances of a person. So talking about debts, there are small debts and large debts.

A person that gets small debts often, and another person that gets large debts occasionally, who would be in a better financial position?

 

[Augusta]

The two can if it is not properly handled. It is always good to pay up debts for me as they occurred

 

[eLdavis]

The two can have a major effect on your personal finances. Those small debts can cause serious damage without you knowing.

 

[Kross]

The bottomline is that you should only take out debts that you would payback and it would not ruin your finances.