You can borrow lunch money from your friends, but what if you forget to pay them back. You are in debt! Anytime you borrow money and don’t pay it back you are in debt! It isn’t a good place to be because debt adds up fast and when you are older you can get a bad credit score from having to much debt. Credit is borrowing money. Such as a credit card, you borrow money and each month you pay it back. Stores will try to give you credit cards to give you credit! You can have good credit or bad credit. If you have good credit you are paying your bills on time. If you have bad credit you probably have debt and aren’t paying your bills on time. Also if you have bad credit it will be hard to buy a car, house, or take out a loan. When you try to get a loan and you have bad credit it will be very hard because the bank will know you don’t pay things back in time. If you do have debt, you will be charged interest on it which will be more money then it originally was so pay back your debt as quick as you can!