Jun 28, 2025 · What Is Debt? Debt is a financial obligation that must be repaid. In the modern world, a debt may be a large sum of money borrowed for a major purchase and repaid over time with interest.

Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor. Debt may be owed by a sovereign state or country, local …

Jun 19, 2025 · What’s the difference between good and bad debt? Good debt builds credit or equity. Bad debt drains your money without long-term benefit.

Dec 9, 2025 · If you’re worried about how to get out of debt, here are some things to know — and how to find legitimate help.

Dec 19, 2025 · Debt is money that is borrowed and then owed to a lender. If a debt is owed by an individual (rather than a business, for example), it's often simply called personal debt or consumer …

Learn how debt settlement, debt consolidation, student loan consolidation, loans for bad credit, and tax debt relief can help pull you out of a lifetime of debt. Our handy tools and expert tips can help you …

debt, something owed. Anyone having borrowed money or goods from another owes a debt and is under obligation to return the goods or repay the money, usually with interest.

Debt is when you owe money to someone, like having a loan or a credit card balance. If you can’t pay back your debt, there are things you can do to help yourself.

May 17, 2023 · Some of the main types of debt include secured, unsecured, revolving and installment debt. There are things to consider when taking on debt, such as how it could affect your credit and …

Borrowing too much money can result in excessive debt, which can make it harder to manage your finances and pay your monthly bills. It may also hurt your credit rating and your reputation as a …