Credit debt
Credit debt Credit debt is used as a collective for defining debts, occurred as a result of credit cards’ past-due payments. Such defaults are “product” of credit cards’ failed payments/ transactions. As a financial interpretation, the term is used in the meaning of all types of debts, granted as a credit by a creditor/ lender. These debts can derive from credit card purchases, consumer loans, business-to-business loans, unpaid medical bills, etc.