A debtor or borrower is a person or organization that borrows money from a financial institution, usually tied to a loan or credit card. The Fair Debt Collection Practices Act protects debtors from ...

When you get a loan — whether it’s a car loan, home loan, student loan, personal loan or loan from a family member — you assume a debt and become a debtor. Debt includes mortgages, auto loans, student ...

Debt is borrowed money, either between people, businesses, or banks, as well as a financial instrument used as leverage by corporations to borrow or purchase. Browse Investopedia's expert-written ...