There are basically two different types of lipoproteins that carry cholesterol in your body. They are high-density lipoproteins (HDL) and also low-density lipoproteins (LDL). Generally, HDL is also known as good cholesterol as it transports cholesterol from your whole body to your liver where the cholesterol is removed. On the other hand, LDL is usually labeled as bad cholesterol as high levels can clot the arteries.