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

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

For example, borrowers with low FICO scores — a barometer of consumer credit scores — are showing greater signs of stress. — Sharon Epperson,stephanie Dhue, CNBC, 25 Aug. 2026

Despite the average credit score being unchanged at 714 from October, there are affordability pressures building beneath the surface, according to FICO, which tallies FICO Scores used by lenders to measure consumer credit risk. — Medora Lee, USA Today, 25 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