Types of Debt



Credit Card Debt

Although the amount varies considerably from time to time, it is thought that the average credit card debt across the board would be somewhere in the vicinity of $7-8,000 ...


Mortgage Debt

A mortgage is a loan on your home, or on a property. It is usually the biggest debt most people will have. According to Webster’s Dictionary, a mortgage is; “the pledging of property to a creditor ...


Law and Debt

Bankruptcy is the way of dealing with most debts a person cannot pay. It carries with it a number of restrictions and obligations. It is a legal process that gives immediate relief ...


Other Debt

Getting into debt is easy, because it is easy to pay for things you don’t really have to pay out front for. Getting into debt is also fun because it’s nice to go out to a restaurant, or have a holiday ...