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.
In a major change that could affect millions of Americans' credit scores, the Consumer Financial Protection Bureau on Tuesday finalized a rule to remove medical debt from consumer credit reports. Elizabeth Schulze, ABC News, 7 Jan. 2025 The Consumer Financial Protection Bureau on Tuesday finalized a new federal rule that would eliminate medical debt from consumer credit reports. Annabella Rosciglione, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 7 Jan. 2025 Newsweek has contacted consumer credit research firm WalletHub for comment. George Monastiriakos, Newsweek, 31 Dec. 2024 The firm said the consumer credit company is a winner in 2025. Michael Bloom, CNBC, 12 Dec. 2024 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

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 Jan. 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

Last Updated: - Updated example sentences
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