Debt explained

Understanding the different types of debt is crucial for managing your financial health. Common types include secured debt, such as mortgages and car loans, which are backed by collateral, and unsecured debt, like credit cards and personal loans, which hav...

Debt can significantly influence your financial well-being. While it can help you make essential purchases or investments, excessive debt may lead to financial strain and stress. High levels of debt can lower your credit score, which in turn affects your a...

Borrowing responsibly is key to maintaining a healthy financial life. Start by assessing your financial situation and only borrow what you truly need. Consider options like credit unions or community banks that often offer lower interest rates. Look for lo...