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About Debt & Debt Financing

ALL YOU NEED TO KNOW TO NOT GET INTO DEBT!

Debt Financing & Debt

Let's Talk About It

Debt is a common topic in the everyday conversations of "old people " that we happen to overhear all the time, but what have you ever wondered what it is?

DEBT???

Debt itself is an amount of money that a party borrowed from another that is owed or due.

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Usually, when a debt arrangement is made, it gives an individual or specific party permission to borrow money with the condition that it will get paid back at a later date with interest charged.

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Overall, debt is the amount of money owed or due to a party. So, on the rare occasion someone screams "I'm in debt!", know that they owe someone money, and they're most probably stressed and need help in handling their financial issues.

DEBT FINANCING???

Debt financing is when a company or individual borrows money to be paid back at a later date with interest

 

It is a deferred payment that is paid back at a later time, which differentiates from a standard immediate purchase. 

 

Debt financing is a popular method used by individuals and corporations for making large purchases that they cannot afford or pay under normal circumstances.

 

Common forms of debt finance include bank loans, mortgages, overdrafts and credit cards.

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DID YOU KNOW?

A new update of the IMF’s Global Debt Database shows that the global debt in 2018, including private and public, reached over 308 trillion AUD?!

 

I know, shocking right? Don't worry though, I got your back. We'll prevent the risk of debt together!

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LEARN MORE

GAMES

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FOR MORE GAMES ABOUT DEBT AND/OR FINANCING, COPY THIS LINK OR CLICK ON THE IMAGE!

https://www.incharge.org/tools-resources/personal-finance-games/

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