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
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
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
Dictionary Entries Near consumer credit
Cite this Entry
“Consumer credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20credit. Accessed 27 Sep. 2023.
Copy Citation
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
Britannica.com: Encyclopedia article about consumer credit
Love words? Need even more definitions?
Merriam-Webster unabridged
Share