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.

Oct 23, 2025 · This rapid debt accumulation is the fastest outside of the COVID-19 pandemic, with the debt having reached $37 trillion in August.

Oct 23, 2025 · Financial Transparency Project Report ranks every state’s debt, from California’s $497 billion to South Dakota’s $2 billion Study finds state governments have a total of $2.7 trillion in debt, …

Jan 9, 2026 · The best way to pay off debt depends on what you owe. Explore strategies like the debt snowball, debt consolidation and debt relief.

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.

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.

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.

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.

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.