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In economics, consumer debt is outstanding debt of consumers, as opposed to that of businesses or governments. In macroeconomic terms, it is debt which is used to
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credit card debt is an example of unsecured consumer debt, accessed through credit cards. debt results when a client of a credit cardpany purchases an item or
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1. Americans are loaded with credit-card debt. The average American household with at least one credit card has nearly $15,950 in credit-card debt (in 2012
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