Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z 

Consumer debt

Consumer debt Definition

Consumer debt is debt that develops due to everyday expenditures. Unlike debt incurred for education or homeownership (such as mortgages) consumer debt is considered detrimental; it usually takes the form of a credit card balance or payday loan, and both forms of debt carry high interest rates.




Submit a Definition

Related Links

Consumer debt expert - Find debt relief help from experts you can trust.



Ask a Question

Learn the famous formula for money-making, based upon the THIRTEEN PROVEN STEPS TO RICHES! Get your FREE Copy & Instant Access to Think and Grow Rich by Napoleon Hill just by signing up.
 
   
Newsletter cover
Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z