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 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.

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.

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

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.

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 …

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.

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 …

Mar 26, 2021 · Debt is money that one entity owes to another, and it’s created anytime someone borrows money. Learn what debt is, how it works, and the most common types of debt.