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 classic literature ?
It is well within my experience, that young ladies of rank and position do occasionally have private debts which they dare not acknowledge to their nearest relatives and friends.
Is a law proposed concerning private debts? It is a question to which the creditors are parties on one side and the debtors on the other.
Data continue to show that the Private Debt Collection program is working.
10 July 2019 - US-based private debt credit manager and middle market finance specialist Antares served as a lead arranger and is acting as administrative agent for a senior secured credit facility to support the acquisition of US-based healthcare marketing services and communications specialist W2O by US-based investment firm New Mountain, Antares said.
Global Banking News-April 29, 2019-Neuberger Berman closes USD 1.7bn private debt fund III
BANKING AND CREDIT NEWS-April 29, 2019-Neuberger Berman closes USD 1.7bn private debt fund III
HM REVENUE & Customs (HMRC) has spent PS90m on private debt collectors in the last three years, compared to PS34m in the three years before that, according to new analysis.
With this in mind, there are two types of alternatives we feel make a strong case for portfolio inclusion: real estate and private debt.
In a survey from BNY Mellon, 96 percent of respondents said private debt had performed at or better than their expectations--higher than for any other type of alternative investment.
Gulf Capital, a top alternative asset management firm, has appointed Sharaf F Sharaf as a managing director in Gulf Credit Partners, the firm's private debt business.
Moreover, they are also alike in the composition of their financial liabilities, featuring relatively low private debt and very high public debt.
As illustrated in Figure 1, in conditions of excessive private debt, such as the ones that exist in Cyprus now, there are very few potential borrowers who remain credit worthy so that new loans can be extended to them.