consumer credit

noun

Definition of 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 The Fed's monthly consumer credit report does not cover home mortgages or any loans secured by real estate, such as home equity loans. Martin Crutsinger, ajc, "US consumer credit up 4.4% in November, best in 5 months," 8 Jan. 2021 The Fed's monthly consumer credit report does not cover home mortgages or any loans secured by real estate, such as home equity loans. Martin Crutsinger, Star Tribune, "US consumer credit up 4.4% in November, best in 5 months," 8 Jan. 2021 By inhibiting consumer credit, the CCP is kneecapping its efforts to develop a robust domestic market. Daniel Tenreiro, National Review, "Where Is Jack Ma?," 4 Jan. 2021 The changes in borrowing left consumer credit at $4.18 trillion in November, up a modest 0.5% from a year ago. Martin Crutsinger, ajc, "US consumer credit up 4.4% in November, best in 5 months," 8 Jan. 2021 On Sunday, China ordered Ant to reexamine its fintech businesses -- spanning from wealth management to consumer credit lending and insurance -- and return to its roots as a payments service. Bloomberg.com, "Ant Turning From Windfall to Nightmare for Global Investors," 27 Dec. 2020 Still, that commission offers us a useful rubric on how to study complex questions about consumer credit. Andrew Stuttaford, National Review, "The Capital Letter: Week of December 14," 18 Dec. 2020 Midwest Recovery must also contact the credit reporting bureaus, which maintain consumer credit reports, and ask that all debts reported by Midwest Recovery be deleted. Ann Carrns, Star Tribune, "When fake debts end up on your credit report," 19 Dec. 2020 Researchers looked at consumer credit report data from more than 81,000 Medicare recipients for almost a 20-year period, from 1999 to 2018, according to the study. Christina Zdanowicz, CNN, "Missing credit card payments may be an early sign of dementia, study says," 3 Dec. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'consumer credit.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of consumer credit

1925, in the meaning defined above

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Time Traveler for consumer credit

Time Traveler

The first known use of consumer credit was in 1925

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Statistics for consumer credit

Last Updated

7 Feb 2021

Cite this Entry

“Consumer credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20credit. Accessed 3 Mar. 2021.

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More Definitions for consumer credit

consumer credit

noun

Legal Definition of 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

Britannica.com: Encyclopedia article about consumer credit

Comments on consumer credit

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