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[Sticky] Debt Definition  

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Matthew Bellows
(@matthewbellows)
Member Admin
Joined: 11 months ago
Posts: 18
16/10/2019 2:36 pm  

Generally speaking, debts are contracts or commitments to borrow a lump sum of money and repay it in the future. The house mortgage is the most obvious example. In BodesWell we have a pretty simple model of debts at the moment. We do consider a credit card balance unpaid at the end of the month to be debt.


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justin450
(@justin450)
New Member
Joined: 3 months ago
Posts: 1
24/02/2020 5:39 am  

Well, if the person is unable to pay for the house mortgage then would it be possible for any organization that would provide debt help, just asking if there is an option or not


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