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Financial Literacy: Debt and Loans

This guide discusses topics related to financial literacy

What is debt?

Car loans

Mortgages

Student loans

Credit cards (but not debit cards, those are different!)

Payroll advances (sometimes advertised as payday loans or check cashing agencies)

They may use different terms, but all of these are types of debt. Some kinds of debt can be helpful to you, and some is definitely less so.  Read on at each link above to learn about each type.