WHAT IS CONSUMER DEBT?
Consumer debt is classed as money owed by an individual relating to personal and household matters rather than business. Consumer debt relates to debt owed by using products or services that go towards the individual or their family.
Examples of consumer debt include rental arrears, credit cards, loans, overdrafts, phone bills, utility bills and goods on credit such as sofas, TVs and other household items. If your business is suffering from non paying debtors, bring in the experts and give yourself the best chance of recovering your money.