Debt created primarily for household, personal or family purposes.
Debts incurred for personal, as opposed to business or educational, needs.
A natural person who is bankrupt or insolvent and whose aggregate debts, excluding any debts secured by the person’s principle residence, do not exceed $75,000 or such other maximum as is prescribed.
Debt incurred by items that are not considered tangible investments. Examples would be car loans, credit car debt, or personal loans made by family members.
Loans in your name, excluding your home (includes personal loans, credit card debt, and auto loans).
Debt incurred by an individual primarily for a personal, family, or household purpose.
Consumer debt is consumer credit which is outstanding. In macroeconomic terms, it is debt which is used to fund consumption rather than investment.