what is the difference between debt and credit 
debt is amount of money you owe while credit is the amount of money you have available to you to borrow for example unless you have maxed out your credit cards your debt is less than your credit the bottom linedebt is an important if not essential tool in today s economy businesses take on debt in order to fund needed projects while consumers may use it to buy a home or finance a college education at the same time debt can be risky especially for companies or individuals that accumulate too much of it 