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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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Jackyenjoyphotography/Getty Images Medical debt has become a serious issue nationwide, despite recent changes to credit reporting rules that have removed medical collections in amounts under $500 from consumer credit reports. Angelica Leicht, CBS News, 25 Nov. 2025 Consumer debt is at an all-time high, delinquencies are rising in other types of consumer credit and the job market appears to be weakening — all of which could contribute to cracks in the housing market. Diana Olick, CNBC, 13 Nov. 2025 Credit card companies use a variety of methods to detect fraud, which is the most common type of identity theft and is on the rise, according to Experian, one of the major consumer credit information services. IEEE Spectrum, 5 Nov. 2025 Car loans have gone from the safest consumer credit products to among the riskiest over the last 15 years as delinquencies rose more than 50%, driven by soaring car prices and rising interest rates, a new study shows. Miguel Ambriz, Fortune, 17 Oct. 2025 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 30 Nov. 2025.

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

More from Merriam-Webster on consumer credit

Last Updated: - Updated example sentences
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