consumer credit


: 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 One of the biggest debates in the market today is over what exactly is going to happen with consumer credit. Telis Demos, WSJ, 16 Aug. 2023 That is because part of the rap against BNPL is that higher funding costs, driven by rising market interest rates and worries about consumer credit risk, will crush core profitability. WSJ, 25 Aug. 2023 In 2017, consumer credit rating giant Equifax suffered one of the country’s largest data breaches, exposing the personal information of 147 million U.S. citizens, or roughly 40% of the population, to hackers. Eamon Barrett, Fortune, 18 Aug. 2023 Jason Furman of Harvard University said consumer credit markets reacted quickly to the Fed’s change of policy, meaning there is little reason to expect lagging impacts. David J. Lynch, Washington Post, 6 June 2023 The Federal Reserve Bank of New York released its quarterly report on household debt and credit on Tuesday, revealing that total consumer credit card debt now stands at $1.03 trillion, the highest it's ever been. Brady Knox, Washington Examiner, 8 Aug. 2023 Data from the latest consumer credit report and quarterly household debt are also expected. Karen Langley, WSJ, 7 Aug. 2023 Friday: April jobs report and March consumer credit. Krystal Hur, CNN, 30 Apr. 2023 American consumer credit hit a record high $4.82 trillion in February, according to a new report from the Federal Reserve. Bernadette Joy, Forbes, 20 Apr. 2023 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'consumer credit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1925, in the meaning defined above

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

Dictionary Entries Near consumer credit

Cite this Entry

“Consumer credit.” Dictionary, Merriam-Webster, Accessed 27 Sep. 2023.

Legal Definition

consumer credit

: 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

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