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

The New York Fed studied the impact online sports betting could have on Americans' financial health — particularly delinquency rates — by comparing betting activity and consumer credit outcomes in states that legalized it with those that have not. —Mary Cunningham, CBS News, 30 Mar. 2026

Only 32% of consumer credit cards offer a travel insurance benefit, according to a study by WalletHub. —Jessica Puckett, Condé Nast Traveler, 27 Mar. 2026

However, as more states have legalized mobile sports betting, leading to broader participation, consumer credit health has suffered, a new report by the Federal Reserve Bank of New York found. —Jessica Dickler, CNBC, 25 Mar. 2026

Roughly $80 million of that volume has been consumer credit, enabling customers to finance purchases directly within chat. —Ilona Limonta-Volkova, Forbes.com, 26 Jan. 2026

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