ilmscore | Prediction Details
By warikoo | November 29, 2025 | Correct
Interpreted Prediction
Only take loans for education and housing; loans for depreciating assets like cars or phones, or for vacations, are considered 'bad' loans.
AI Evaluation Notes
The advice to only take loans for education and housing and avoid loans for depreciating assets or vacations aligns with widely accepted financial principles. Loans for education and housing are generally considered 'good debt' due to their potential for long-term value and appreciation, while loans for items like cars or vacations are often discouraged due to their depreciating nature and lack of investment potential.

Prediction Details

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