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 Louisiana, consumer debt is regulated by both state 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. The Louisiana Fair Debt Collection Practices Act (LAFDCPA) mirrors the federal Fair Debt Collection Practices Act (FDCPA) and provides guidelines on how debt collectors can conduct themselves, including prohibiting abusive practices and setting limits on when and how collectors can contact debtors. The state also has laws that govern the interest rates and fees that can be charged on consumer loans, such as the Louisiana Consumer Credit Law. For mortgages, the Louisiana Real Estate Settlement Procedures Act (RESPA) provides additional protections related to the servicing of mortgage loans and the disclosure of settlement costs. Payday loans are subject to specific regulations under Louisiana law, which include caps on the amount of the loan and the fees that can be charged. It's important for consumers in Louisiana to understand their rights and obligations under these laws, and they may seek the advice of an attorney if they face issues with consumer debt.