-
- To save this word, you'll need to log in.
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
The Fed’s decisions influence the cost of borrowing, but there are a lot of other factors that go into consumer credit.
—Ellen Ioanes, Vox, 7 Nov. 2024
National debt has climbed to $35.8 trillion, and consumer credit card debt is at a 20-year high.
—Frank Holmes, Forbes, 5 Nov. 2024
According to data shared exclusively with Forbes by a personal finance company with access to consumer credit reports, the reports from the three bureaus show virtually no records of any lines of credit from Tomo starting in August 2024.
—Jeff Kauflin, Forbes, 25 Oct. 2024
Aside from its Liverpool and Suburbia department store chains, the conglomerate operates malls, fashion boutiques, insurance and consumer credit.
—David Moin, WWD, 4 Sep. 2024
See all Example Sentences for consumer credit
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.
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 3 Dec. 2024.
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