Debt is an obligation that requires one party, the debtor, to pay money borrowed or otherwise withheld from another party, the creditor. Debt may be owed by a sovereign state or country, local government, company, or an individual.
If you’re worried about how to get out of debt, here are some things to know — and how to find legitimate help. Where do I start? A budget is a roadmap to plan your finances and keep track of where your money goes.