Debt - What is Debt

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MoneyAcademy
Published at : 28 Oct 2021
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Debt is money you’ve borrowed and must pay back later, and most people will have debt at some point in their lives. There’s also a difference between taking on good debt compared to bad debt. Borrowing money to pay for things you don’t need counts as bad debt.

In this video, we will look at debt in more detail.

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