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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
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
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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 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
Britannica.com: Encyclopedia article about consumer credit
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