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LSDefine

Simple English definitions for legal terms

consumer debt

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A quick definition of consumer debt:

Consumer debt refers to money that an individual borrows primarily for personal, family, or household purposes. This can include credit card debt, student loans, and car loans. It is important to pay off consumer debt in a timely manner to avoid accruing interest and damaging one's credit score.

A more thorough explanation:

Definition: Consumer debt refers to the money owed by an individual for personal, family, or household purposes.

Examples: Examples of consumer debt include credit card debt, student loans, and personal loans.

Explanation: Consumer debt is different from other types of debt, such as business debt or government debt, because it is incurred for personal use. This type of debt is often used to finance everyday expenses or major purchases, such as a car or a home. The examples provided illustrate the different types of consumer debt that individuals may have. Credit card debt is a common form of consumer debt that is used to make purchases and is paid back over time with interest. Student loans are another type of consumer debt that is used to pay for education and is paid back over a longer period of time. Personal loans are also a form of consumer debt that can be used for a variety of purposes, such as home improvements or medical expenses.

consumer-credit transaction | consumer-expectation test

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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