Consumer Debt

(redirected from Credit debt)

Consumer Debt

The debt individuals use to purchase consumer goods. In macroeconomics, consumer debt is used for individual purchase rather than investment. A common example of consumer debt is the balance on a credit card.
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As the New York Times reported yesterday, no state has the ability to restructure Constitutional, or full faith and credit debt, and that if Puerto Rico were granted this, other states like Illinois might soon follow.
With the amount spent on credit cards per second being [pounds sterling]5,429, the average consumer credit debt per household being [pounds sterling]6,376 and the average total debt per household - including mortgages - being [pounds sterling]55,199 (according to The Money Charity, 2015), more initiatives in consumer credit education are desperately needed.
The USD6bn portfolio of outstanding credit debt through a partnership with electronics retailer Best Buy will now be held by Citigroup, Inc (NYSE: C).
OTCBB: ERFB) said it has closed on a USD8m revolving line of credit debt facility.
KPMG, the administrators, announced last week that the level of secured credit debt was pounds 44m and the level of unsecured debt stood at pounds 3.
KPMG said the level of secured credit debt was pounds 44m and the level of unsecured debt stood at pounds 3.
The program format offers videos, articles and blogs on a range of personal finance topics from unemployment survival tips and how to avoid credit debt to determining whether to stay home or go back to work after having a child.
2: I will be proactive in managing my budget credit debt and tax obligations.
Consumer credit debt ( including problems with credit cards, store cards and charge cards, unsecured personal loans, bank and building society overdrafts, catalogue and mail-order debts ( remains the biggest problem area.
College kids have between three and seven credit cards, and they carry an average of $3,000 in credit debt, and that doesn't even include student loans," said John Parfrey, director of the National Endowment for Financial Education, an independent, nonprofit foundation that provides free financial education materials.
Consumer credit debt problems brought to Citizens Advice bureaux have doubled over the past eight years, accounting for three-quarters of the 1.
You can join the Consumer Network online and have a say on issues the council is working on - such as saving for retirement and growing credit debt.

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