Top definition
A person who refuses to pay off their debts. When given the chance this person perfers to take out more loans, buy more things and spend more money, These people that they may actually get out of debt some day so they keep compiling it.
Roger: "I'm going to open my 17th credit card to buy some power tools I don't need. Then I'm going to take a cash advance on the remaining balance and go to the casino. Then when I get paid on Friday I'm going to the used car lot to buy a 6th car even though it's just me and my wife and we both work two blocks from home and really don't need cars at all."

Doug: "Jesus Christ Roger, why don't you cut up all your credit cards and try saving your money for a change.

Roger: "but I need all this stuff, I can't live withou it."

Doug: "You've become a Debt Hoarder you know that?"
by Joey Beef Buicker October 27, 2010
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