Non-priority debt
A debt where the immediate consequences of non-payment are generally less severe than for priority debts, though the creditor may still take recovery action.
Related terms
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Priority debt
A debt that should generally be dealt with urgently because non-payment can carry particularly serious consequences, such as loss of essential services, home or liberty in some cases.
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Unsecured debt
Debt not backed by specific security over an asset, such as many credit cards, trade debts and personal loans.
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Personal debt
Money owed by an individual in their own name, including loans, credit cards, tax liabilities, guarantees and other personal obligations.
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