Debt Assessment Tool

Quick Classification:

Good Debt

Generally includes mortgages, student loans, and business loans that help build wealth or achieve financial goals.

Bad Debt

Generally includes credit cards, car loans, payday loans, and personal loans with high interest rates and short-term repayment plans.

Action Steps

Identify and Prioritize

Make Informed Decisions

Seek Help if Needed

Tips for Financial Health

1. Create a Budget

Track your income and expenses to manage your money better.

2. Save Regularly

Build an emergency fund to avoid taking on debt for unexpected expenses.

3. Educate Yourself

Continue learning about financial literacy to make informed decisions.

Financial difficulties or debt can be a part of life, but you are not alone. Reach out to the National Debt Helpline at 1800 007 007 for free and confidential financial counseling.

HELP IS AVAILABLE – TAKE THE FIRST STEP TODAY!

We hope this tool has been informative and helpful in identifying your current
strengths and areas for improvement regarding your debt.

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