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Credit Card Debt
Debt incurred by an individual that is due to the use of credit cards, often subject to high interest rates.
Discharge
The legal term for the release or elimination of a debt, obligation, or charge, often used in bankruptcy proceedings.
Student Loans
Financial loans given to students to help pay for their education expenses, often subject to repayment with interest after graduation.
Bankruptcy
A legal proceeding involving a person or business that is unable to repay their outstanding debts.
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