EMERYVILLE, Calif., April 17, 2018 /PRNewswire/ — Debt is often considered a bad word, often in personal finances. However, debt can help the economy grow. For example, car loans put money into the car industry, which benefits all the workers in the auto supply chain. Credit card purchases keep food, travel and retail industries going. Student loans can boost earning potentials of borrowers, which can translate to higher taxes paid and more consumer spending. American Financial Benefits Center (AFBC), a document preparation company that helps its clients with application paperwork to remain in federal repayment plans, reminds borrowers that even though debt can help the economy, …
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