{"id":48,"date":"2024-05-16T20:06:52","date_gmt":"2024-05-16T20:06:52","guid":{"rendered":"https:\/\/www.mtsu.edu\/financialliteracy\/?page_id=48"},"modified":"2026-04-19T09:46:24","modified_gmt":"2026-04-19T09:46:24","slug":"credit-debt","status":"publish","type":"page","link":"https:\/\/www.mtsu.edu\/financialliteracy\/credit-debt\/","title":{"rendered":"Credit-Debt"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Definition<\/h2>\n\n\n\n<p>Credit: confidence&nbsp;in a purchaser&#8217;s ability and intention to pay, displayed by entrusting the buyer with goods and services without immediate payment.<\/p>\n\n\n\n<p><em>Adapted from:&nbsp;<a href=\"https:\/\/www.dictionary.com\/browse\/credit\">https:\/\/www.dictionary.com\/browse\/credit<\/a>&nbsp;<\/em><\/p>\n\n\n\n<p>Debt: something&nbsp;that&nbsp;is&nbsp;owed&nbsp;or&nbsp;that&nbsp;one&nbsp;is&nbsp;bound&nbsp;to&nbsp;pay&nbsp;to or&nbsp;perform&nbsp;for&nbsp;another<\/p>\n\n\n\n<p><em>Adapted from:&nbsp;<a href=\"https:\/\/www.dictionary.com\/browse\/debt\">https:\/\/www.dictionary.com\/browse\/debt<\/a>&nbsp;<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Video<\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"ratio ratio-16x9\"><iframe loading=\"lazy\" title=\"How To Tell Which Debt Is Good Vs Bad | The 3-Minute Guide\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/JKK0obnyWoc?feature=oembed&#038;enablejsapi=1&#038;origin=https:\/\/www.mtsu.edu\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><figcaption class=\"wp-element-caption\"><em>Adapted from:\u00a0<a href=\"https:\/\/youtu.be\/JKK0obnyWoc\">https:\/\/youtu.be\/JKK0obnyWoc<\/a><\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Good Debt vs. Bad Debt Infographic<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"604\" height=\"600\" src=\"https:\/\/www.mtsu.edu\/financialliteracy\/wp-content\/uploads\/sites\/43\/2024\/05\/image-2.jpeg\" alt=\"Good Debt vs. Bad Debt Infographic\" class=\"wp-image-50\" srcset=\"https:\/\/www.mtsu.edu\/financialliteracy\/wp-content\/uploads\/sites\/43\/2024\/05\/image-2.jpeg 604w, https:\/\/www.mtsu.edu\/financialliteracy\/wp-content\/uploads\/sites\/43\/2024\/05\/image-2-300x298.jpeg 300w, https:\/\/www.mtsu.edu\/financialliteracy\/wp-content\/uploads\/sites\/43\/2024\/05\/image-2-150x150.jpeg 150w\" sizes=\"auto, (max-width: 604px) 100vw, 604px\" \/><figcaption class=\"wp-element-caption\"><em>Adapted from:\u00a0<a href=\"http:\/\/winstanley.ca\/good-debt-vs-bad-debt\/\">http:\/\/winstanley.ca\/good-debt-vs-bad-debt\/<\/a><\/em><\/figcaption><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\">&nbsp;&nbsp;<\/h4>\n\n\n\n<h2 class=\"wp-block-heading\">Credit Score Infographic<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"908\" height=\"2560\" src=\"https:\/\/www.mtsu.edu\/financialliteracy\/wp-content\/uploads\/sites\/43\/2024\/05\/image-3-scaled.jpeg\" alt=\"how to raise your credit score infographic\" class=\"wp-image-51\" srcset=\"https:\/\/www.mtsu.edu\/financialliteracy\/wp-content\/uploads\/sites\/43\/2024\/05\/image-3-scaled.jpeg 908w, https:\/\/www.mtsu.edu\/financialliteracy\/wp-content\/uploads\/sites\/43\/2024\/05\/image-3-106x300.jpeg 106w, https:\/\/www.mtsu.edu\/financialliteracy\/wp-content\/uploads\/sites\/43\/2024\/05\/image-3-363x1024.jpeg 363w, https:\/\/www.mtsu.edu\/financialliteracy\/wp-content\/uploads\/sites\/43\/2024\/05\/image-3-768x2164.jpeg 768w, https:\/\/www.mtsu.edu\/financialliteracy\/wp-content\/uploads\/sites\/43\/2024\/05\/image-3-545x1536.jpeg 545w\" sizes=\"auto, (max-width: 908px) 100vw, 908px\" \/><figcaption class=\"wp-element-caption\"><em>Adapted from:\u00a0<a href=\"https:\/\/www.shamrockfinancial.com\/how-can-i-raise-my-credit-score-infographic\/\">https:\/\/www.shamrockfinancial.com\/how-can-i-raise-my-credit-score-infographic\/<\/a><\/em><\/figcaption><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\">&nbsp;&nbsp;<\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Definition Credit: confidence&nbsp;in a purchaser&#8217;s ability and intention to pay, displayed by entrusting the buyer with goods and services without immediate payment. Adapted from:&nbsp;https:\/\/www.dictionary.com\/browse\/credit&nbsp; Debt: something&nbsp;that&nbsp;is&nbsp;owed&nbsp;or&nbsp;that&nbsp;one&nbsp;is&nbsp;bound&nbsp;to&nbsp;pay&nbsp;to or&nbsp;perform&nbsp;for&nbsp;another Adapted from:&nbsp;https:\/\/www.dictionary.com\/browse\/debt&nbsp; Video Good Debt vs. Bad Debt Infographic &nbsp;&nbsp; Credit Score Infographic &nbsp;&nbsp;<\/p>\n","protected":false},"author":8,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-48","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.mtsu.edu\/financialliteracy\/wp-json\/wp\/v2\/pages\/48","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mtsu.edu\/financialliteracy\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mtsu.edu\/financialliteracy\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mtsu.edu\/financialliteracy\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mtsu.edu\/financialliteracy\/wp-json\/wp\/v2\/comments?post=48"}],"version-history":[{"count":1,"href":"https:\/\/www.mtsu.edu\/financialliteracy\/wp-json\/wp\/v2\/pages\/48\/revisions"}],"predecessor-version":[{"id":204,"href":"https:\/\/www.mtsu.edu\/financialliteracy\/wp-json\/wp\/v2\/pages\/48\/revisions\/204"}],"wp:attachment":[{"href":"https:\/\/www.mtsu.edu\/financialliteracy\/wp-json\/wp\/v2\/media?parent=48"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}