It is easy to get into debt but remember there is always help available. The sooner you address your debt problem the easier it will be to sort it out.


Julie Zhou


Introduction to debt

Last updated

1 July 2022

A debt occurs when one person (the debtor) owes money to another (the creditor).

People can get into debt in any number of ways; for example, they receive regular demands for payment of accounts for such things as electricity, doctors’ fees, loans and credit cards.

If you, as a debtor, receive an account, then ask:

  1. Do you owe the creditor the money? 
  2. Is there any reason why you shouldn’t pay the debt? 
  3. Can you afford to pay the debt? 
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