Talk of The Villages Florida - View Single Post - Do Bonds Equal Credit Card Debt?
Thread: Do Bonds Equal Credit Card Debt?
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Old 11-05-2020, 06:38 PM
KEVIN & JOSIE KEVIN & JOSIE is offline
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Quote:
Originally Posted by Goldwingnut View Post
The bond on your home, while a debt that you owe, is not reflected on your credit report. It is not a "bad" debt as in high risk or in default, it is just a part of the cost of a home in a new development. As retiredguy123 has said, you will be paying this no matter what, it's just a matter of it being rolled into the cost of the home or not. If you view debt as a bad thing, as I do, then yes it would be bad and it should be paid off as soon as you can. "...the borrower is slave to the lender..." Provers 22:7
Is there a reason the bonds are separate from the house cost? At least if you had a mortgage it would be deductible.
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