Consumer debt consists of personal debts for goods purchased for personal or household consumption—as opposed to debts incurred for the operation of a business. Common examples of consumer debt include (1) credit card debt; (2) student loans; (3) home mortgage loans; (4) car or auto loans; (5) payday loans; (6) medical debts; and (7) unpaid utility and telephone bills.

In Arizona, consumer debt is regulated by both state statutes and federal laws. Credit card debt, student loans, home mortgages, auto loans, payday loans, medical debts, and unpaid utility and telephone bills are all considered consumer debts when they are for personal or household use. Arizona's statutes provide specific regulations on debt collection practices, including the Fair Debt Collection Practices Act (FDCPA), which is a federal law that also applies in Arizona and protects consumers from abusive debt collection practices. The state has a statute of limitations that dictates the time frame within which a creditor can legally pursue a debt through the courts, which varies depending on the type of debt. For example, credit card debt and other revolving accounts have a statute of limitations of 6 years. Payday loans are subject to specific regulations in Arizona, and as of the knowledge cutoff in 2023, payday lending is essentially prohibited in the state. Mortgage and auto loan regulations are also governed by both state and federal laws, ensuring fair lending practices and consumer protections. It's important for consumers in Arizona to understand their rights and obligations regarding consumer debt, and they may seek advice from an attorney if they face debt-related legal issues.