Here is a real, actual example:
I "defaulted" on the loan of replacing a script I wrote in 2 minutes in autohotkey (a windows scripting language). I'm never going to write it properly.
Now explain to me how defaulting on this technical debt has hurt my credit rating.
Is the next time I open a new autohotkey script is it going to say to me "Now wait a minute. What about all the debt you defaulted on last time? I'm not going to let you write a quick and dirty script! You'll default on ever rewriting it! Go do it properly as a source controlled project in Microsoft Visual Studio. I am not letting you write another script."
Is that what happens? No?
That autohotkey script is running now. Where's the debt? How is my credit rating worsened by defaulting on it?
It's debt you can default on at any time without any consequence, while being able to continue to use what you bought on credit.
Your version is like saying that the minute a squatter takes up residence in an abandoned building, he's just gotten $140,000 in debt, the cost of buying some land nearby and building a proper, albeit unfinished building with no electricity or heating.
And if, still in his abandoned building squat, he finds and burns some wood in the winter, watch out! He's just added $25,000 in debt to the $140,000 he already had, since that's what a proper HVAC system will cost in his properly built building. He went from $140,000 in debt to $165,000 in debt the minute he set fire to some wood.
But that's clearly very wrong. Maybe he'll live in that abandoned building for 4 years and then just walk away. Poof. The $165,000 in lousy-analogy debt disappears the moment he walks away.
It's not debt. It's a lousy, bad analogy.