Debt incurred for the purpose of buying a good.

This good may consist of either products or services. The debt must be non mortgage-related, and incurred by the ultimate user of the good as opposed to a manufacturer intending to use it in production or resale. Types of consumer credit include installment credit (not including real estate related loans) and open-end credit such as credit cards. Either unsecured or secured by an assignment of title, consumer debt is monitored by the Federal Reserve Board, and is a leading economic indicator.