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  1. Debt: What It Is, How It Works, Types, and Ways to Pay Back

    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 …

  2. Debt: Types, How It Works and Tips for Paying It Back - NerdWallet

    Debt is money you borrow and have to repay, but not all debt is created equal. Here’s what to know about debt basics, types of debt (from credit cards to mortgages) and how to manage it all.

  3. What is debt? Here's how it works and the common types - USA …

    Mar 4, 2024 · In short, debt is the money you owe to someone or something. It's money that you borrowed and must pay back, according to the Consumer Financial Protection Bureau.

  4. How To Get Out of Debt | Consumer Advice

    Sep 30, 2025 · If you’re worried about how to get out of debt, here are some things to know — and how to find legitimate help. Where do I start? A budget is a roadmap to plan your finances …

  5. Debt Explained - consumer.gov

    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.

  6. What Is Debt? (2025) | ConsumerAffairs®

    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.

  7. What is debt? Definition, types and more - Capital One

    May 17, 2023 · Debt is a part of life, but there are many types of debt. Learn more about what debt is and how it works.

  8. What Is Debt and Do You Have Too Much? | Debt.com

    Aug 20, 2025 · At Debt.com, we know debt and the solutions you need to get out of it. Learn how to tell if you have too much debt and how to find relief.

  9. Average American Household Debt in 2025: Facts and Figures

    Aug 6, 2025 · American households carry more than $18 trillion in debt and the average household debt is $105,056. Read on for more household debt statistics for 2025.

  10. Debt.org - America's Debt Help Organization

    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 …