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 West Virginia (WV), consumer debt is regulated by both state statutes and federal laws. The West Virginia Consumer Credit and Protection Act provides a framework for the regulation of consumer credit transactions and debt collection practices. This includes specific provisions regarding credit card debt, payday loans, and other types of consumer loans. For example, payday lending is subject to strict regulations in WV, including caps on interest rates and limitations on the amount of debt. Additionally, the federal Fair Debt Collection Practices Act (FDCPA) protects consumers from abusive debt collection practices and applies to various types of consumer debts, including credit card debt, medical debts, and student loans. Home mortgage loans are regulated under both federal and state laws, with specific disclosures and protections for borrowers. Car loans are also regulated, with requirements for clear disclosure of terms and consumer rights. For unpaid utility and telephone bills, the West Virginia Public Service Commission may provide regulations and consumer protections. It's important for consumers in WV 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.