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.
The firm said the consumer credit company is a winner in 2025. Michael Bloom, CNBC, 12 Dec. 2024 WalletHub’s new report, based partially on a consumer credit report published Friday by the Federal Reserve, shows the per-household debt is nearly $11,000. Cory Smith, Baltimore Sun, 10 Dec. 2024 On Thursday, two important reports will be issued: the weekly initial jobless claims and the consumer credit report for September. Vinamrata Chaturvedi, Quartz, 3 Nov. 2024 The Biden administration has expanded financial protections for patients, including a landmark proposal by the Consumer Financial Protection Bureau to remove medical debt from consumer credit reports. Noam M. Levey, CBS News, 17 Oct. 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 24 Dec. 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

Last Updated: - Updated example sentences
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