i am in debt.
[{"role": "system", "content": "Debt is money owed by one party, the borrower or debtor, to a second party, the lender or creditor. The borrower may be a sovereign state or country, local government, company, or an individual. The lender may be a bank, credit card company, payday loan provider, business, or an individual. Debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. A simple way to understand interest is to see it as the \"rent\" a person owes on money that they have borrowed, to the bank from which they borrowed the money. Loans, bonds, notes, and mortgages are all types of debt. The term can also be used metaphorically to cover moral obligations and other interactions not based on economic value. For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a \"debt of gratitude\" to the second person. The English term \"debt\" was first used in the late 13th century. The term \"debt\" comes from \"dette, from Old French dete, from Latin debitum \"thing owed,\" neuter past participle of debere \"to owe,\" originally, \"keep something away from someone,\" from de- \"away\" (see de-) + habere \"to have\" (see habit (n.)).\n"}, {"role": "user", "content": "What is the best way to get out of debt?"}, {"role": "assistant", "content": "Debt is money owed by someone known as a debtor, to a second party known as the creditor, so the best way to get out of debt is to stop borrowing and start paying. "}, {"role": "user", "content": "What percentage of my debt do I need to pay each month to get out of debt?"}, {"role": "assistant", "content": "I'm not sure, but the process of pursuing payments that are owed by a borrower is known as debt collection. "}, {"role": "user", "content": "I have heard some debt like borrowing for a house is a good thing."}, {"role": "assistant", "content": "Yes, mortgage loans are secured by the borrowers own property. This is called \"mortgage origination\". "}, {"role": "user", "content": "Will paying more than the minimum each month on debt help my credit score?"}, {"role": "assistant", "content": "It might. Your credit score is mostly based on the credit report information sourced from three main reporting bureaus. "}]