New Delhi, Sept. 6 -- It generally starts with a small missed payment, due date here or a credit card swipe there. Until one day, the numbers do not add up convincingly. Then the real problem raises its head.

Debt has a unique characteristic of creeping up silently before it turns into a full-blown economic crisis for an individual. This makes proper vigilance and an understanding of the core concepts of debt and its management indispensable for recognising the red flags and weeding out habits that can lead to years of financial stress.

This write-up is dedicated to better understanding debt and its types, along with crucial warning signs that one should not ignore when their debt is getting out of hand.

To put it simply, debt means no...