Debt & Credit

Debt is when you borrow money from someone else and promise to repay it later. This might be borrowing from someone you know or from a bank.

Credit acts as special permission to buy something now and promise to pay for it later when you have more money. Examples are buy now pay later apps like Klarna, credit cards or store credit.

If you want some information on debt and credit, you could try speaking to a trusted adult or contacting us on the Meic helpline. 

You could also try some of these services for information or support:

We have lots of blogs on Meic. These are some of the ones that look at debt and credit:

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