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                      Hi I'm Abbie,
                      your financial 
                      education tutor.

                       Welcome!

Debt Tutorial

In this debt tutorial you learn valuable debt management skills that can help you understand
what debt is, the difference between bad debt and good debt, how to make a debt management
plan, how to settle your own debt, and how to pay off debt.

What is Debt?

Debt Definition - Debt is the amount of money you 
owe to a creditor or a lender.  

Debt can be considered a liability.  It can lower your 
net worth if you have more liability (debt) than you do 
assets.

Debt Education

If you are in debt or before you venture into getting
into debt I suggest you become debt educated.

Why Become Debt Educated?

Debt is a very serious issue and should not be taken 
lightly.  You can really get yourself in a lot of financial trouble if you don't learn information about debt.  

Read all the things below that debt can do.

  • can cause you to have bad credit

  • can give you a very low credit score

  • can cause you to have to file bankrupt

  • can put you under a lot of stress

  • can put a strain on your marriage

  • can cause financial hardship

  • can cause you to become homeless

  • can decrease your net worth

  • can lower you changes of getting a mortgage or other loans

  • can cause you to be sued

  • can break you financially 

How to become Debt Educated?

The only way to become debt educated is to gain Debt Knowledge. 

Continue on to the next page to become debt educated?

Next page - Types of debt