Glossary Of Debt Management & Financial Terms
Consumer Debt
Debt incurred for intangible investments, e.g. car loans, credit card debt and loans made by family members.
Credit for the individual or for household purpose, as apposed to business or commercial debt. This usually takes the form of unsecured loans, credit cards, secured loans and other credit agreements such as hire purchases. See unsecured loan, secured loan, credit cards, hire purchase and business debt.
