consumer credit

noun

: credit granted to an individual especially to finance the purchase of consumer goods or to defray personal expenses

Examples of consumer credit in a Sentence

Recent Examples on the Web
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Trump’s sweeping tax bill last year ended consumer credits of up to $7,500 for electric vehicle purchases. Paul Wiseman, Los Angeles Times, 12 Apr. 2026 Trump’s sweeping tax bill last year ended consumer credits of up to $7,500 for EV purchases. ABC News, 11 Apr. 2026 The complaint alleges that Unison has violated Colorado’s consumer credit code, consumer protection act, mortgage lending requirements and reverse mortgage requirements. Judith Kohler, Denver Post, 10 Apr. 2026 The New York Fed used an analysis of consumer credit data and defined delinquency rates as being 90 days past due on any credit purchase, such as auto loans or mortgage payments. Sasha Rogelberg, Fortune, 31 Mar. 2026 See All Example Sentences for consumer credit

Word History

First Known Use

1925, in the meaning defined above

Time Traveler
The first known use of consumer credit was in 1925

Browse Nearby Words

Cite this Entry

“Consumer credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20credit. Accessed 20 Apr. 2026.

Legal Definition

consumer credit

noun
: credit extended by merchants or banks to finance the purchase of consumer goods (as home appliances) or services (as travel or hotel accommodations) compare consumer debt at debt

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