What is Debt?

What is Debt?

Debt to most feels like a dark, looming cloud or a weight that slows us down. The total amount of money owed is debt. It comes in many disguises like a house, a new car, a diploma, or a trip to the Caribbean to name a few. No matter the disguise, debt is either secured or unsecured. Secured debt is debt backed by an asset as collateral (Ex: car loan,

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