"individual debt" is correct and usable in written English.
You can use it when referring to debt that has been acquired by an individual or household from any source (e.g. due to expenses or unpaid bills). Example: The rising costs of living have resulted in a significant increase in individual debt across the country.
Individual debt levels are at record highs.
"What is the biggest piece of growth in the individual debt?
The economic crisis is a large-scale reflection of the normalcy of individual debt in modern day society.
As students, we're going to have our own individual debt and then the national debt coming down on us".
Johnson has become increasingly vexed by the pay packets of university vice-chancellors, which sit uncomfortably alongside growing student anxiety about rising tuition fees and mounting individual debt.
The women in Vancouver follow the same general format each session: Good news from every member, a spending check-in, individual debt reports, brainstorming about how to make more money, a discussion topic that someone has researched, and goal setting.
It is also settled that he can not make a chattel mortgage for the purpose of securing his own private or individual debts.
It follows that during the continuance of the joint tenancy, each joint tenant may have his or her fractional interest taken for the satisfaction of their individual debts.
Many of these individual debts will not be repaid, and yet, once they'd been bundled and stripped, they were magically reconstituted as investment-grade debt products — worthy paper.
In material accompanying the announcement, it says there are around 270,000 former recipients of social security and family assistance payments who owe more than $870m to the government and are not making appropriate effort to repay individual debts.
The chaebol had become the face of Korea, both domestically and abroad, and when their credit card divisions faltered in 2003, the South Korean government had little choice but to step in and ease social unrest by forgiving individual debts.
