A bad debt is the actual amount of your accounts receivable that are not able to be received due to that person going bankrupt or similiar. Doubtful debts is not the actual amount but rather the...
Good debt refers to investments such as home mortgages or student loans provided you can manage the monthly payments. Bad debt is debt incurred for purchases that you don't need or cannot afford.
Bad, because they cost money and to pay off debt you have to stop spending money.
Answer
Debt relief is a very good option for paying back credit debts, You can go for a good debt settlement...