What are the different types of debt (e.g. credit card debt, student loan debt, mortgage debt)?

There are several types of debt, including:

1. Credit card debt: This type of debt is incurred when you use a credit card to make purchases or pay bills and carry a balance from month to month.

2. Student loan debt: This is debt that is taken on to pay for education, typically in the form of federal or private loans.

3. Mortgage debt: This is debt that is incurred when purchasing a home or property, typically through a mortgage loan.

4. Auto loan debt: This is debt that is incurred when purchasing a vehicle through a loan or lease.

5. Personal loan debt: This is debt that is taken on through a personal loan, which can be used for a variety of purposes, such as debt consolidation, home improvement, or other expenses.

6. Payday loan debt: This is a shortterm, highinterest loan that is typically used to cover unexpected expenses.

7. Medical debt: This is debt that is incurred as a result of medical expenses, such as hospital bills or procedures not covered by insurance.

It's important to keep track of the types and amounts of debt you have in order to effectively manage and prioritize paying it off.