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.
Analysts will be watching for loan growth, consumer credit quality, and recession contingency plans. Catherine Baab, Quartz, 9 Apr. 2025 Two groups, on behalf of credit reporting and credit union industries, have filed a lawsuit against a new federal rule barring medical debt from appearing on consumer credit reports. Annabella Rosciglione, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 8 Jan. 2025 If your business primarily accepts consumer credit cards rather than business, purchasing or corporate cards, the choice of payment gateway may have less impact on your fees. Robert Day, Forbes, 5 Dec. 2024 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 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 21 Apr. 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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