Consumer Debt

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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 ?
- Debt collection services are increasingly being used in other areas where there are significant consumer debts, such as telecoms and utilities, as well as in areas of the public sector such as council tax.
Illinois residents who have had judgments entered against them for consumer debts will soon start paying less interest on those debts, and collectors will have a shorter timeframe in which to collect on those debts.
Less than 1 percent of petitions by individuals with consumer debts were filed under Chapter 11, which allows businesses and individuals to continue operating while they make plans to reorganize and repay creditors.
Consumer debts like credit cards and personal loans have traditionally been the most common debt problems that come through our doors.
Arkansans have consumer debts and savings rates similar to their neighbors in Missouri and Oklahoma, according to the final release of the first Arvest Bank Consumer Sentiment Survey.
In contrast, Saudis debtors in jail run debts from SAR 100,000 and more."The Saudi Arabian Monetary Agency (SAMA) recently issued a report on consumer debts. It said these reached SAR 246.9 billion in the first quarter of 2012.
In contrast, Saudis debtors in jail run debts from SR 100,000 and more." The Saudi Arabian Monetary Agency (SAMA) recently issued a report on consumer debts. It said these reached SR 246.9 billion in the first quarter of 2012.
"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.
Consumer debts and mortgage debts have got out of hand," Mohammad Ali Al Abbar, co-chair of the summit, said in his keynote address.
County Court judgments for non-payment of consumer debts jumped by 33 per cent last year in the face of a creditor crackdown, figures showed yesterday.
The Norwegian credit administrative services provider Aktiv Kapital ASA said on Thursday (10 February) that it had agreed to purchase a portfolio of some 5,000 defaulted consumer debts from the Spanish bank Banco Bilbao Vizcaya Argentaria SA.
Figures show that between April 2002 and March 2003 advisers in the city dealt with 10,000 issues on consumer debts.

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