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

Cassidy said leveraged loans, which are made to companies with relatively high levels of debt often to finance acquisitions, would be one area to watch, while a meaningful rise in unemployment could also pressure consumer credit. — Alexa Lomonaco, CNBC, 25 Sep. 2026

Interchange drops 10 basis points for five years, standard consumer credit capped at 125 (Paragraphs 48 and 50)—that’s $1,000 per $1 million of volume. — Robert Day, Forbes.com, 24 Sep. 2026

Private new car registrations are up by almost a fifth compared to last summer, while earlier figures from the Bank of England show growth in consumer credit. — The Week Uk, TheWeek, 7 Sep. 2026

Market interest rates, which are influenced by inflation and inflation expectations, have also jumped up, raising the costs of mortgages, car loans, and other types of consumer credit. — John Cassidy, New Yorker, 31 Aug. 2026

Word History

First Known Use

1925, in the meaning defined above

Rhymes for consumer credit

• accredit
• discredit
• noncredit
• dedit
• edit
• microcredit

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