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
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These arrangements generally do not trigger wage deduction laws but may face other regulatory scrutiny (e.g., consumer credit regulations like the Truth in Lending Act, state payday lending laws and money transmitter licensing requirements). Aj Dhaliwal, Forbes.com, 9 July 2025 Klarna, one of many companies that allows users to pay in installments over time, said consumer credit losses in the first three months of the year rose 17% from a year ago. Daniel De Visé, USA Today, 10 June 2025 The act would limit the annual percentage rate for an extension of consumer credit to 15 percent. Raja Krishnamoorthi, Newsweek, 15 Dec. 2024 My calculations apply the ratio of non-revolving consumer credit to total consumer credit from the Federal Reserve’s release G.19 – Consumer Credit to the amount of other consumer credit in the Financial Accounts. Christian Weller, Forbes.com, 17 June 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 22 Jul. 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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