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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. Americans' household debt hits new record high, according to …

    Nov 5, 2025 · Americans' household debt hits new record high, according to report The debt includes mortgages, car loans, credit cards and student loans.

  3. The Main Types Of Debt And How To Handle Each - Forbes

    Feb 23, 2022 · All debts are not created equal. Here are the main types of debt and tips for dealing with each one.

  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. 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.

  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. 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.

  8. 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.

  9. 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.

  10. Consumer debt rises amid worsening 'K-shaped' economic divide

    Nov 5, 2025 · Recent reports show a growing divide among consumers, with more borrowers either in a position of financial distress or strength.