That little piece of plastic with numbers on it that allows you to spend money that you definitely don't possess, thus creating huge amounts of personal debt.
Stacy: Wow. I love this Coach purse. I think I'll buy it.
Liz: But you don't have any money...
Stacy: Oh, that's no problem, I'll just use my credebt card.
Liz: But you don't have any money...
Stacy: Oh, that's no problem, I'll just use my credebt card.
by brittney_h April 18, 2008
The type of debt that cripples your testicles. Like riding on a roller coaster made of money that explodes your finances at 24% APR.
Lonzo: Yo' my nigga, how you plannin on financin' dis new tv?
Sumdu: I'm on a $5/mo payment plan at only 37% interest!. I'm only going to be having to pay $3,000 for a $150 TV!
Lonzo: You in Credebt my Du!
Sumdu: I'm on a $5/mo payment plan at only 37% interest!. I'm only going to be having to pay $3,000 for a $150 TV!
Lonzo: You in Credebt my Du!
by jEmess July 14, 2019