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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
According to data shared exclusively with Forbes by a personal finance company with access to consumer credit reports, the reports from the three bureaus show virtually no records of any lines of credit from Tomo starting in August 2024.
—Jeff Kauflin, Forbes, 25 Oct. 2024
Aside from its Liverpool and Suburbia department store chains, the conglomerate operates malls, fashion boutiques, insurance and consumer credit.
—David Moin, WWD, 4 Sep. 2024
More specifically, unpaid debt drives up the cost of credit, hinders business investment, and damages consumer credit scores.
—Kyle J. Russell, USA TODAY, 16 Oct. 2024
The forecast considers economic indicators such as employment, wages, consumer confidence, disposable income, consumer credit, previous retail sales and weather.
—Jessica Mathews, Fortune, 15 Oct. 2024
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Word History
First Known Use
1925, in the meaning defined above
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 22 Nov. 2024.
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
Britannica.com: Encyclopedia article about consumer credit
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