Consumer debt refers to the money that individuals borrow to buy things like cars, houses, or pay for their education. It is the debt that people take on in order to satisfy their personal needs or wants. Full definition
Student loan debt is different from other types of consumer debt because of the high balances involved. (consumerlawyer.mn)
If we were adding machines, we wouldn't accumulate $ 20,000 in consumer debt in the first place! (getrichslowly.org)
The benefits of utilizing a home equity line of credit in lieu of other consumer debt tools include not only a lower cost of borrowing but also an extended repayment period. (lendedu.com)