"Uncollected debt" refers to money that is owed by someone but has not been paid back to the person or company it is owed to. It can be a loan or credit that has not been repaid on time or at all. Full definition
The British newspaper, The Financial Times, for example, found that four of the largest U.S. banks, Citi, J.P. Morgan Chase, Bank of America and Wells Fargo, lost roughly $ 12.5 billion in uncollected debt in 2017 — almost 20 percent more than they wrote off the year before. (creditcards.com)
I have recently contacted a debt management company and I have $ 3222 worth of uncollected debt on my credit report. (videocreditscore.com)
According to the School Nutrition Association, over three - quarters of school districts had uncollected debt on their books at the end of the last school year. (nytimes.com)