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 New York Fed report captures consumer credit data as of Dec. 31, 2023.
—
Michelle Singletary, Washington Post, 7 Feb. 2024
The Biden administration is seeking to impose a new limit on the typical credit card late fee, but the consumer credit and banking industry warns the change could ultimately affect other consumers in the form of higher interest rates.
—Rob Wile, NBC News, 5 Mar. 2024
That should come as no surprise as prices have risen just as people’s savings have been depleted, leaving many with high-cost consumer credit as their only option.
—Vikas Raj, Forbes, 29 Feb. 2024
There are some pockets where the delinquency rates have started to move up in consumer credit cards and in auto loans.
—Nicole Goodkind, CNN, 26 Feb. 2024
Southwest is also offering a limited-time promotional Companion Pass® with its three consumer credit cards that can help save money for two people traveling together.
—Geoff Whitmore, Forbes, 13 Feb. 2024
The effect of it, among other pressures on their finances, was depleted consumer savings and rising consumer credit card debt.
—Parija Kavilanz, CNN, 11 Feb. 2024
Here are other disturbing statistics from the CFPB about the most common collection tradeline reported on consumer credit records.
—Michelle Singletary, Washington Post, 12 Apr. 2023
Live Coverage Feed 18 hours ago Consumer Credit Tops $5 Trillion
Total consumer credit outstanding rose above $5 trillion for the first time on record in November, according to Federal Reserve data released Monday.
—Eric Wallerstein, WSJ, 9 Jan. 2024
Michelle Singletary, Washington Post, 7 Feb. 2024
The Biden administration is seeking to impose a new limit on the typical credit card late fee, but the consumer credit and banking industry warns the change could ultimately affect other consumers in the form of higher interest rates.
—Rob Wile, NBC News, 5 Mar. 2024
That should come as no surprise as prices have risen just as people’s savings have been depleted, leaving many with high-cost consumer credit as their only option.
—Vikas Raj, Forbes, 29 Feb. 2024
There are some pockets where the delinquency rates have started to move up in consumer credit cards and in auto loans.
—Nicole Goodkind, CNN, 26 Feb. 2024
Southwest is also offering a limited-time promotional Companion Pass® with its three consumer credit cards that can help save money for two people traveling together.
—Geoff Whitmore, Forbes, 13 Feb. 2024
The effect of it, among other pressures on their finances, was depleted consumer savings and rising consumer credit card debt.
—Parija Kavilanz, CNN, 11 Feb. 2024
Here are other disturbing statistics from the CFPB about the most common collection tradeline reported on consumer credit records.
—Michelle Singletary, Washington Post, 12 Apr. 2023
Live Coverage Feed 18 hours ago Consumer Credit Tops $5 Trillion
Total consumer credit outstanding rose above $5 trillion for the first time on record in November, according to Federal Reserve data released Monday.
—Eric Wallerstein, WSJ, 9 Jan. 2024
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.
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 19 Apr. 2024.
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