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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
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
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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 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
Britannica.com: Encyclopedia article about consumer credit
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