Yes, debts is a Scrabble word!
...and is worth 8 points in Scrabble, and 9 points in Words with Friends
debts
Noun
1. The state of owing something (especially money)
2. Money or goods or services owed by one person to another
3. An obligation to pay or do something
What Scrabble words can I make with the letters in debts?
4 Letter Words
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3 Letter Words
2 Letter Words