Definition of consumer credit
: credit granted to an individual especially to finance the purchase of consumer goods or to defray personal expenses
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Recent Examples of consumer credit from the Web
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Credit watch: The latest snapshot of consumer credit will be released Friday by the Federal Reserve.
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The three companies, which provide vital, behind-the-scenes services in consumer credit, have been grappling with class-action lawsuits over their handling of consumers’ tax liens and judgment information.
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Four senior executives, including the consumer credit reporting agency’s chief financial officer, sold shares worth $1.8 million in the days after the company began investigating the breach and more than a month before the public was told of it.
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Minneapolis residents, on average, are tops in managing their credit scores, according to Experian's latest annual study on consumer credit.
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Data from consumer credit reporting agency Experian, the Urban Institute think tank and government agencies was used to compile the report.
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Credit card debt is at an all-time high, according to the consumer credit reporting company Experian, and there are a record number of Americans with auto loans, according to Fed data.
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Four senior executives, including the consumer credit reporting agency’s chief financial officer, sold shares worth $1.8 million in the days after the company began investigating the breach and more than a month before the public was told of it.
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The breach at Equifax, one of the three major consumer credit reporting agencies in the U.S., exposed the sensitive data of more than 145 million people, including credit card numbers, addresses, Social Security numbers, birthdates and more.
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.
First Known Use of consumer credit
1925
Law Dictionary
consumer credit
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
Learn More about consumer credit
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Britannica.com: Encyclopedia article about consumer credit
Seen and Heard
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