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
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.
Add to that an all-time high in consumer credit card debt, and the urgency becomes personal — and universal. Jay Reddick, The Orlando Sentinel, 26 Apr. 2025 The average rate on a consumer credit card is 20.09%, according to Bankrate.com. Jeanne Sahadi, CNN Money, 15 Apr. 2025 Capital One and Discover both issue credit cards and together represent less than 20% of U.S. consumer credit card balances. Trefis Team, Forbes.com, 3 Apr. 2025 Analysts will be watching for loan growth, consumer credit quality, and recession contingency plans. Catherine Baab, Quartz, 9 Apr. 2025 See All Example Sentences for consumer credit

Word History

First Known Use

1925, in the meaning defined above

Time Traveler
The first known use of consumer credit was in 1925

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Cite this Entry

“Consumer credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20credit. Accessed 13 May. 2025.

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

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