UK Loans
 [Home]
Loan Guide
  Loan Types
  Loan Providers
  Loans Calculator
  Loan Glossary
 
Loan Directory
  Directory Home
  Scotland
  Ireland
  Wales
  England
  London
 
Get Interactive!
  Submit A Review
  Ask a Question
  Answer a Question!
  Join Our Forum

Loan Glossary - Define: Bad Debt

Q. What is Bad Debt?

Answer:

A debt that the lender cannot collect on. This is money with which the borrower has defaulted on payments and has not repaid. In some cases, the lender may look at the amount owed and deem that it is not worth the extra expense of using other methods to collect the debt. However, it does go on the borrower's credit record as a negative item.

[Back to UK loan Glossary]

 

Contact | About | Links