Consumer debt definition

Consumer debt or "consumer credit" means money or property, or their equivalent, due or owing or alleged to be due or owing from a natural person by reason of a consumer credit transaction.

Consumer debt means any obligation or alleged obligation of

Consumer debt means any obligation or alleged obligation of a consumer to pay money arising out of a transaction in which the money, property, insurance, or services which are the subject of the transaction are primarily for personal, family, or household purposes. Consumer debt includes medical debt.

Examples of Consumer debt in a sentence

• Consumer debt payments are not allowed as a client non-categorical service.

• Consumer debt is debt related to personal, family, or household purposes.

• Consumer debt includes amounts owed for personal, family, and household issues, including mortgages, medical bills, credit card balances, auto loan debt, and student loan debt.1 Criminal justice debt includes charges for bail, fines, and fees.2 Consumer debtors and individuals with criminal justice debt experience many of the same abuses and consequences, including harassment by collectors, adverse credit reports, restricted financing opportunities, embarrassment, and strain on family resources.

• Consumer debt reporting shall be consistent with due process and other requirements in 31 U.S.C. 3711(e).

• If the Trustee denies the Application to Incur Consumer Debt or does not respond within 14 days, the Debtor’s attorney may then file with the Clerk a Motion to Incur Consumer debt and the Motion to Incur Consumer Debt shall contain as an attachment the Trustee’s denial of the Application to Incur Consumer Debt, if applicable.

More Definitions of Consumer debt

Consumer debt. ’ means debt incurred by an individual primarily for a personal, family, or household purpose;

Consumer debt means money or its equivalent, or a loan or advance

Consumer debt means an obligation, or an alleged obligation, primarily for personal, family, or household purposes and arising from a transaction or alleged transaction.

Consumer debt or "consumer credit" means money,

Consumer debt means a secured or unsecured debt that is for money owed or alleged to be owed and arises from a consumer transaction.

Consumer debt means an obligation, or an alleged

Consumer debt or “consumer credit” means money, property, or their equivalent, due or owing, or alleged to be due or owing, from a natural person by reason of a consumer credit transaction. The term “consumer debt” includes a mortgage debt. The term “consumer debt” includes “charged-off consumer debt” as defined in Section 1788.50 of the Civil Code.