consumer credit
noun
: credit granted to an individual especially to finance the purchase of consumer goods or to defray personal expenses
Example Sentences
Recent Examples on the Web That move, as well as easing underwriting standards since last year, helped increase Affirm’s volume growth—and placed the company at the center of mounting concern regarding consumer credit. 
Annamaria Andriotis, WSJ, 13 Aug. 2022 Equifax said some consumer credit scores were changed because of a computer error that has since been rectified. Shubham Singhal, Fortune, 2 Aug. 2022 The latest Federal Reserve data on outstanding consumer credit comes after March’s record increase of $52.4 billion. Bill Hardekopf, Forbes, 9 June 2022 The latest Federal Reserve data on outstanding consumer credit, released Tuesday afternoon, comes after March's record increase of $52.4 billion. Alicia Wallace, CNN, 7 June 2022 Starting July 1, medical collection debt that's been repaid will be removed from consumer credit reports—a change that could affect tens of millions. Alicia Adamczyk, Fortune, 1 July 2022 The companies say these moves will wipe out nearly 70% of the medical debt listed on consumer credit reports. Tom Murphy, Anchorage Daily News, 30 June 2022 The fintech giant’s once lucrative microlending and consumer credit businesses, for example, are bumping up against growth ceilings imposed by authorities who are seeking to curb risks and reduce leverage in the financial sector. Yue Wang, Forbes, 10 June 2022 Meanwhile, household debt grew at an annual pace of 8.3%, reflecting strong growth in both home mortgages and consumer credit. Tami Luhby, CNN, 9 June 2022 See More
Annamaria Andriotis, WSJ, 13 Aug. 2022 Equifax said some consumer credit scores were changed because of a computer error that has since been rectified. Shubham Singhal, Fortune, 2 Aug. 2022 The latest Federal Reserve data on outstanding consumer credit comes after March’s record increase of $52.4 billion. Bill Hardekopf, Forbes, 9 June 2022 The latest Federal Reserve data on outstanding consumer credit, released Tuesday afternoon, comes after March's record increase of $52.4 billion. Alicia Wallace, CNN, 7 June 2022 Starting July 1, medical collection debt that's been repaid will be removed from consumer credit reports—a change that could affect tens of millions. Alicia Adamczyk, Fortune, 1 July 2022 The companies say these moves will wipe out nearly 70% of the medical debt listed on consumer credit reports. Tom Murphy, Anchorage Daily News, 30 June 2022 The fintech giant’s once lucrative microlending and consumer credit businesses, for example, are bumping up against growth ceilings imposed by authorities who are seeking to curb risks and reduce leverage in the financial sector. Yue Wang, Forbes, 10 June 2022 Meanwhile, household debt grew at an annual pace of 8.3%, reflecting strong growth in both home mortgages and consumer credit. Tami Luhby, CNN, 9 June 2022 See More Word History
First Known Use
1925, in the meaning defined above
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