Credit card debt involves borrowing money through credit cards, often with high interest rates. Effective management includes timely payments and avoiding overspending.

Income tax debt arises from unpaid taxes. Resolving this debt may involve setting up a payment plan or seeking professional assistance.

Student loan debt is incurred for education purposes. Effective management includes exploring repayment plans and loan forgiveness programs.

Payday loans are high-interest, short-term loans. Borrowers should explore alternative solutions to avoid the debt cycle associated with these loans.

Personal loans are unsecured loans used for various purposes. It's important to compare offers and understand terms before borrowing.

Debt in collections can impact credit scores and lead to persistent collection efforts. Negotiating with collection agencies can help resolve this debt.

Unsecured debt includes loans and credit lines not backed by collateral. Effective management involves budgeting, timely payments, and debt consolidation.