Hey there, what’s the difference between ARREARS and DEBT? Do these sentences mean exactly the same? He ran into difficulties with his mortgage, building up more than 10 000€ arrears. He ran into di

Arkadiusz

Hey there, what’s the difference between ARREARS and DEBT? Do these sentences mean exactly the same? He ran into difficulties with his mortgage, building up more than 10 000€ arrears. He ran into difficulties with his mortgage, building up more than 10 000€ debts.

Mar 14, 2021 12:30 PM

Answers · 3

Not the same syntax. We usually say “in arrears” meaning “behind” in payments. If he should pay $100 per month on a debt of $10,000 but he missed paying 3 months, then he is $300 in arrears on a $10,000 debt.

March 14, 2021

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