What is another word for nonmortgage consumer debts?
Pronunciation: [nˌɒnmˈɔːɡɪd͡ʒ kənsˈuːmə dˈɛts] (IPA) 
Nonmortgage consumer debts refer to any outstanding balance owed on loans and other credit facilities that are not related to housing. These debts can be categorized into various types, including credit card debt, auto loans, personal loans, and other types of installment debts.
Some synonyms for nonmortgage consumer debts include unsecured consumer loans, consumer credit, non-collateralized debt, and revolving credit. The term revolving credit refers to credit facilities that are available for repeated use, such as credit cards and home equity lines of credit.
Regardless of the terminology used, nonmortgage consumer debts can have a significant impact on a person's credit score and ability to obtain future credit. It is essential for individuals to manage their nonmortgage debts responsibly to avoid negative consequences.
