Consumer Debt

(redirected from Consumer Debts)

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.
References in periodicals archive ?
Saudi Banker Fadhel Albu Ainain told Arab News that the ratio of consumer debts is high; many people are in debt.
While many companies claiming to comply with the letter of FTC Rule have sought loopholes that might allow them to continue charging fees before consumer debts are settled, FDR pledges to wholly abide by the advance-fee ban.
Equidebt is a leading UK debt recovery agency, specialising in the ethical collection of financial sector consumer debts.
NORDIC BUSINESS REPORT-13 January 2005-Aktiv Kapital ASA acquires Austrian defaulted consumer debts portfolio(C)1994-2005 M2 COMMUNICATIONS LTD http://www.
Supreme Court held in 1995 that the term "debt collector" applies to lawyers who regularly, through litigation, try to collect consumer debts.
Settlement companies like Credit Solutions act on consumers' behalf, negotiating directly with creditors to facilitate repayment of consumer debts at a reduced percentage of the total owed.
Since its peak in the third quarter of 2008, nearly $1 trillion has been shaved from outstanding consumer debts.
Norwegian credit administrative services provider Aktiv Kapital ASA said on Monday (3 May) that its UK subsidiary Aktiv Kapital Asset Investments Ltd had agreed to acquire a GBP71m portfolio of defaulted consumer debts from Lloyds TSB Bank Plc.
settlement industry leader, Credit Solutions uses its experience, leverage and volume on consumers' behalf, negotiating directly with creditors to facilitate repayment of consumer debts at a reduced percentage of the total amount owed.
Department of Housing and Urban Development (HUD) on January 16, 2002, announcing that HUD would no longer allow funds from a property seller or a non-profit organization to be used to pay off a homebuyer's consumer debts.
15 in consumer debt during September 2009, saving $13,404,866 on 3,936 client accounts at a 42.

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