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

Think of it as a shadow consumer credit indicator. —Brandon Kochkodin, Forbes.com, 18 Aug. 2025

Revolut is currently still awaiting its consumer credit license, which would enable it to offer credit cards and other services in the U.K. —Ryan Browne, CNBC, 30 July 2025

This month, the Trump administration secured permission from a federal court to roll back regulations that would have removed medical debt from consumer credit reports. —Noam Levey, NPR, 25 July 2025

The tax savings would be less on a loan at 6.5%, which is the rate figured into calculations by the American Financial Services Association, a consumer credit industry trade group. —Danny Bakst, Fortune, 13 July 2025

Word History

First Known Use

1925, in the meaning defined above

Rhymes for consumer credit

• accredit
• discredit
• noncredit
• dedit
• edit
• microcredit

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