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Short Term Debt

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What Is Short Term Debt?


Short Term Debt is money that you owe and intend to pay back over a shorter period of time than a student loan or a mortgage. Examples of Short Term Debt could be a personal loan, credit card debt or any other debt with a short maturity, usually one year or less.

For an idea of how long it might take you to pay off some Short Term Debt, click here to use a repayment calculator.

For more helpful Short Term Debt information, please see the links below:

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Financial Literacy Toolkit