creditor, a person or organization that is owed money, debtor, a person or entity that owes money, outstanding debt, money that is still unpaid, delinquent debt, a debt that is overdue, default, failure to repay a debt according to the agreement, late fee, a penalty charged for missing a payment deadline, settlement, an agreement to pay less than the full amount owed, write-off, when a creditor accepts that a debt is unlikely to be collected, repossession, taking back property due to non-payment, garnishment, a legal process where money is taken from wages to repay debt

Debt_collection 2

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