What does it mean that individuals owe foreign debts?

A: Personal foreign debt refers to the debt that individuals borrow from people other than their family members. There are personal debts, bank loans and platform debts. These are personal foreign debts. For example, at the end of 20021,a person borrowed 200,000 yuan from a bank to buy a house, 50,000 yuan from a friend to buy a car, and 5,000 yuan to buy a mobile phone. The foreign debt balance of this person at the end of 202 1 is 20+50.5 = 255,000 yuan.