Although the term "debt" has a negative connotation, there is "good debt" and "bad debt." Debt that aids in the acquisition of appreciating assets, such as a home or a company, is typically regarded as beneficial. Debt secured by collateral that you may sell if necessary, such as a car, might be beneficial or detrimental depending on the loan conditions. However, there is one form of debt that is universally seen as bad: credit card debt.