So What is Debt?

What is Debt.

What is debt?

When you owe money to someone, you are in debt. Owing money is not always bad.

You might have a loan. You might use a credit card. If you do, you might be in debt. 

But if you pay your bills when they are due, it might help your credit history.

When is debt bad?

You must be logged in to view this content. Register here.