consumer debt

noun

: a debt from buying something at a store
Most of his debts are consumer debts.

Examples of consumer debt in a Sentence

Recent Examples on the Web
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The independent agency, created after the 2008 financial meltdown, protects Americans from financial abuses and has regulatory authority over many types of products and services, including bank accounts, consumer debt collection, credit cards, credit reporting and loan servicing. Jade Walker, CNN Money, 18 Apr. 2025 Factors such as global trade tensions, consumer debt levels and geopolitical events contribute to economic uncertainty. Faisal Kutty, Newsweek, 12 Mar. 2025 Beyond consumer debt, a record 3.6% of 401(k) participants with Vanguard Group withdrew funds early in 2023. Einat Steklov, Forbes.com, 16 Apr. 2025 Industry estimates show that most people (59% to 75%) who start a debt management plan are able to finish it and pay off all their consumer debt. Sacramento Bee, 26 Feb. 2025 See All Example Sentences for consumer debt

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“Consumer debt.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20debt. Accessed 13 May. 2025.

Legal Definition

consumer debt

see debt

Last Updated: - Updated example sentences
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