It all began when one of the Social Credit discussion group wrote Social CreditOR instead of Social CreditER.   Another of the group thought the person shouldn’t be too concerned because he himself, at various times, had written the word both ways.
 After these many years I have become conscious of the need to spell it correctly because in my mind one word means debt (not a ‘good’) and the other means a social ‘credit’ (‘a good’), therefore I responded: 
“I don't agree with you on this matter of spelling. It is a matter of utmost importance.”

A suggestion was made to “try the internet for the spelling and explanation of creditER and you will find there is no such explanation in most dictionaries.  Plenty of explanations for creditOR because we live in this world of credit/debt.  There is all the difference in the world between the meanings.”

Which of course took me further into the search of words and meanings. It has been an interesting exercise.  It came as quite a shock to realise the English language does not have a term for a ‘crediter’ as understood by Social Crediters.  Whether it is ‘creditor’ or  ‘crediter’, in financial terms the meaning is the same.  A bank can extend ‘credit’ to a customer but in financial terms the bank is in fact charging ‘the credit’ up as a debt to be repaid.
One can give ‘credit’ where ‘credit is due’ but one cannot gain ‘credit’ in financial terms.  Once extended, in financial terms ‘creditor’ or ‘crediter’ becomes debt!
Credit  [kred-it]
1.  commendation or honour given for some action, quality, etc.:  Give credit where it is due.
2.  a source of pride or honour:  You are a credit to your school.
3.  the ascription or acknowledgment of something as due or properly attributable to a person, institution, etc.:  She got a screen credit for photography.
4.  trustworthiness; credibility: a witness of credit.
5.  confidence in a purchaser's ability and intention to pay, displayed by entrusting the buyer with goods or services without immediate payment.
6.  reputation of solvency and probity, entitling a person to be trusted in buying or borrowing:  Your credit is good.
7.  influence or authority resulting from the confidence of others or from one's reputation.
8.  time allowed for payment for goods or services obtained on trust:  90 days' credit.
9.  repute; reputation; esteem.
10.  a sum of money due to a person; anything valuable standing on the credit side of an account:  He has an outstanding credit of $50.
11.  Education.
        official acceptance and recording of the work completed by a student in a particular course of study.  a credit hour.
12.  Bookkeeping.
         an entry of payment or value received on an account.
        the right-hand side of an account on which such entries are made (opposed to
        an entry, or the total shown, on the credit side……
Origin of 'credit'
Middle French, , Old Italian, Latin  1535-1545
1535-45; < Middle French < Old Italian credito < Latin crēditum loan, noun use of neuter of crēditus, past participle of crēdere to believe, confide, entrust, give credit
Source: http://www.dictionary.com/browse/credit
The word credit is derived from the Latin word "Credo"
The word credo means "I trust you". It is defined by Gide as an exchange which is complete after the expiry of a certain period of time after payment. Credit is explained as the sale of goods and services and money claims in the present in return for a promise to pay in the future. The promise usually based on the confidence and on the belief that the debtor whether a person, a business firm or a government unit will be able and willing to pay on demand or at some future time. Credit therefore is defined in the following words. Credit is the right to receive payment or the obligation to make payment on demand or at some future time on account of an immediate transfer of goods.
The first phrase, right to receive payment is used from the point of view of the creditor as he is to exchange present goods for the right to receive payment in future. The second an obligation to make payment on demand is the phrase from debtor's point of view. The debtor has an obligation to pay in the future for goods acquired. Credit and debt are thus two sides of the same shield.
Nouns ending in -er, -or, and -ar
Nouns ending in -er
This ending is the most common. It's usually added to verbs to make nouns with the meaning ‘a person or thing that does something’, for example: builder, farmer, sprinkler, or beeper.
The -er ending can also be used to form nouns meaning:
‘a person or thing that has a particular quality or form’, for example: double-decker, two-wheeler, skyscraper
‘a person belonging to a particular place or group’, e.g. foreigner, prisoner
‘a person concerned with a particular thing', e.g. jeweller, lawyer, treasurer, mariner
Nouns ending in -or
Like -er, the ending -or is added to verbs to make nouns meaning ‘a person or thing that does something’, e.g. investigator, decorator, escalator, ventilator.
There are no hard and fast rules as to when these nouns have an –or ending and when they are written -er, but what we can say is that there are fewer such words ending in -or! Here's a list of some of the most important:
councillor, etc., etc….”
All the above made my head spin and sent me back to Geoffrey Dobbs’ “What is Social Credit?” to help ‘settle my mind’!
“WHAT IS SOCIAL CREDIT?” by Geoffrey Dobbs
UK’s Donald Martin, at the time Editor of the British “On Target” wrote in the foreword to Geoffrey’s booklet the following:
“The article ‘The Left and The Right and The Truth’ with which this booklet starts was first published in ‘On Target’ I4th June, I980 and later reprinted in the monthly ‘Housewives Today’ May 1981…
The conscious study and promotion of the social credit is an enormous subject, pioneered in this technological century by the late C. H. Douglas, of whom Dr. and Mrs. Dobbs were early followers. This booklet can give no more than a brief introductory
Donald Martin, August, I981.
Geoffrey wrote of The importance of the correct use of words:
 ‘Antilanguage’, or ‘the reverse technique in words’, i.e. creating a verbal image as a cover for doing the opposite, is now a standard, indeed a necessary routine in party politics, since it automatically neutralises the main opposition. Of course it had to be the party with the patriotic image which could get away with the betrayal of Britain’s national sovereignty. If it had been done by declared international socialists and anti-patriots they would have been up against the whole patriotic feeling of the nation.
The social credit - something which exists in all societies
This movement has been influencing the World for sixty years (now 96 years…ed). Its effects have been widespread, but unpublicised. One of its gifts to the human mind and at least the English language is the term: the social credit (without Caps.) which is the name of something which exists in all societies but which never had a name before because it was taken for granted. We become aware of it only as we lose it.
‘Credit’ is another word for ‘faith’ or ‘confidence’, so we can also call it the Faith or Confidence which binds any society together—-the mutual trust or belief in each other without which fear is substituted for trust as the ‘cement’ of society. Law and order is a part of it, but only a small part. King Alfred, called The Great, claimed that in his Kingdom of Wessex any woman or child could walk the length and breadth of it without fear of harm, although under the pagan Danes rape, murder and robbery were the commonplaces of the times. But under Alfred Wessex was a Christian Kingdom, and though no society can exist without some social credit, it is at its maximum where the Christian religion is practised, and at its minimum where it is denied and derided…
The social credit is thus a result, or practical expression, of real Christianity in Society, one of its most recognisable fruits; and it is the aim and policy of social credit is to increase it, and to strive to prevent its decrease. There are innumerable common-place examples of it which we take for granted every day of our lives. How can we live in any sort of peace or comfort if we cannot trust our neighbours? How could we use the roads if we could not trust others to observe the rule of the road? (And what happens when they don’t!) What would be the use of growing anything in gardens, farms or nurseries if other people would grab it? How could any economic activity go forward-whether producing, selling or buying—-if people cannot, in general, rely upon honesty and fair dealing? And what happens when the concept of the Christian marriage, and the Christian family and upbringing, is abandoned? We see, do we not?—-that Christianity is something real with desperately vital practical consequences, and by no means a mere set of opinions which are ‘optional’ for those to whom they happen to appeal.
Of course, social crediters are not the only people who are trying to promote the social credit. Most decent, sane people instinctively do so, including many God-fearing people of other religions, and even some atheists who were brought up in Christian homes and are living on the moral capital of their parents or teachers. But social crediters are the only people who are consciously engaged in it, and know where they are going, so that they can point the way to those who are unconscious.
There could be no hope for us all if the vast majority of people did not unconsciously share in, and seek to promote, the social credit. Unfortunately, the unconscious mind can be ‘got at’, and is being ‘got at’ by all sorts of psychological tricks with words and images, as used continually in advertising and the ‘media’.  That is why it is so urgent that more people should become conscious, i.e. should become aware and informed social crediters, which not only greatly strengthens their guard against these hidden attacks, but gives them the huge advantage of a positive hope and purpose in their actions!...
Social Discredit, Conscious and Unconscious
Just as there are social crediters, conscious and unconscious, trying to build up the social credit, so there are others—social discrediters—trying to destroy it and break it down, at present, with all too much success. The conscious ones include the communists and other revolutionaries, who quite openly seek to smash all the links of trust and confidence which enable our society to function until the Day of the Revolution dawns—the Day when all the services which support us break down, and chaos, misery, poverty, hunger and terror take over, and the rule of the most ruthless, violent and cunning can be established, and if necessary, maintained by ‘continuous revolution’…
In this, I can see no hope anywhere but in Social Credit, which finds the truth in a way which cuts right across the Right/Left conflict. I can see no hope in Left or Right, not even in those who claim to be the ‘true Right’ and who call upon the virtues of courage, loyalty and discipline, which are so much needed, but will all be misdirected if they reject what is the key to the situation. However few we may seem, this nation already has had the leaven of Social Credit working in its daily bread for sixty years. I am full of confidence that it will make a radical difference to our revolution as compared with others (i.e. a bigger element of resolution) and I can see no virtue in wasting time and energy on promoting anything else.
Discredit  dɪsˈkrɛdɪt/
    1.      harm the good reputation of.  "his remarks were taken out of context in an effort to discredit him"
   synonyms:                  disgrace, dishonour, bring into disrepute, damage someone's reputation, blacken someone's name, destroy someone's credibility, drag through the mud/mire, put/show in a bad light, reflect badly on, compromise, give someone a bad name, bring into disfavour;…
noun: discredit
1.      loss or lack of reputation or respect.
Origin:  mid 16th century: from dis- (expressing reversal) + credit, on the pattern of Italian ( di)scredito (noun), ( di)screditare (verb), and French discrédit (noun), discréditer (verb).
So, just as ‘a person belonging to a particular place or group’, is known as a ‘foreignER’ or a ‘prisonER’ those who promote the social credit of a society are known as “Social CreditERs’!