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Sunday, April 16, 2006

Debt

The money you owe to a person or a company

There are a lot of types of debt - credit card, car and student loans, child support and alimony. Debt can leave you with little opportunity to save money. If debt takes a big bite out of your income, start looking at ways to manage your finances since lenders prefer you have very manageable debts when you apply for a loan to buy a home.
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