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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 loans offered by companies including Affirm, Afterpay, Klarna, PayPal and Zip are not typically reported on consumers' credit reports, nor are they reflected in consumer credit scores.
—Kate Gibson, CBS News, 22 May 2024
The only type of mortgage loan that has even ticked up in the past two years are Federal Housing Administration (FHA) loans, according to data released today by consumer credit reporting agency TransUnion.
—Amanda Gerut, Fortune, 16 May 2024
The New York Fed report captures consumer credit data as of Dec. 31, 2023.
—Michelle Singletary, Washington Post, 7 Feb. 2024
The Biden administration is seeking to impose a new limit on the typical credit card late fee, but the consumer credit and banking industry warns the change could ultimately affect other consumers in the form of higher interest rates.
—Rob Wile, NBC News, 5 Mar. 2024
That should come as no surprise as prices have risen just as people’s savings have been depleted, leaving many with high-cost consumer credit as their only option.
—Vikas Raj, Forbes, 29 Feb. 2024
There are some pockets where the delinquency rates have started to move up in consumer credit cards and in auto loans.
—Nicole Goodkind, CNN, 26 Feb. 2024
Southwest is also offering a limited-time promotional Companion Pass® with its three consumer credit cards that can help save money for two people traveling together.
—Geoff Whitmore, Forbes, 13 Feb. 2024
The effect of it, among other pressures on their finances, was depleted consumer savings and rising consumer credit card debt.
—Parija Kavilanz, CNN, 11 Feb. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'consumer credit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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 28 May. 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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