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.
Imprint says its software also lets businesses test the effectiveness of different marketing and rewards schemes and that its consumer credit card app is easier to use than those of the incumbents. Jeff Kauflin, Forbes, 12 Mar. 2025 Southwest consumer credit cards' annual fees range from $69 to $149. Faisal Kutty, Newsweek, 11 Mar. 2025 The bureau marshaled on, with recent work including capping bank overdraft fees and removing medical debt from consumer credit reports. Matt Sedensky, Los Angeles Times, 18 Feb. 2025 Overall, consumer credit utilization dropped one full percentage point to 51.6%, the second-lowest rate in 2024. Stephanie Dhue,sharon Epperson, CNBC, 27 Jan. 2025 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

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Cite this Entry

“Consumer credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consumer%20credit. Accessed 24 Mar. 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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