Credit liabilities are any unpaid debt that an organization is responsible for paying. This includes loans taken from a bank, payments to vendors for goods or services, and any other monetary obligations that the business has agreed to pay. Credit liabilities can also arise from specific agreements between companies, such as when one company agrees to purchase from another on credit, or when a customer orders products now and pays later. Credit liabilities are often reported on a balance sheet, which allows organizations to plan cash flow and monitor the risk of default by customers.