The phrase "amassing debts" is correct and usable in written English.
You can use it when discussing the accumulation of financial obligations or liabilities over time.
Example: "After years of overspending, she found herself amassing debts that she struggled to pay off."
Alternatives: "accumulating debts" or "incurring debts."
Fortunately, she has avoided amassing debt during her twenties.
Why do they do that?' " A university's mission statement, he went on, does not include vying with the N.F.L. for entertainment dollars, or amassing debt with football stadium face-lifts.
"The overarching downfall of this plan is that it spends a lot of money on people who probably don't need it," Ms. Akers said, suggesting that low-income families will still struggle to pay their higher education expenses without amassing debt under this approach.
UPS was a good company that gave me the opportunity to work my way through college without amassing debt.
Even if a fragile democracy would eventually prevail, killing innocents, alienating Arabs, and amassing debt is not made right by a semi-good consequence.
In all likelihood, Turkey is amassing large debts to SOCAR.
Even campaigns with collateral can have a hard time obtaining loans because they have no sure source of future income and campaigns have reputations for amassing large debts.
Richardson, who lives in Durham and is a student, declared himself bankrupt in March 2012 after amassing unsecured debts of around £25,000, and says he feels lucky compared with others.
The leaders of Germany, the mainstay of the euro zone, want a new treaty that would stop euro nations from posing a threat by running large deficits or amassing crushing debts, but France, the zone's second-largest economy, believes that amending treaties would take too long to help now.
