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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
Auto lenders are the most targeted industry for synthetic identity fraud, according to consumer credit reporting agency TransUnion.
—Tribune News Service, The Mercury News, 7 Jan. 2025
And Benny Blanco Are Engaged—And The Internet Has Opinions
Krista Phillips, executive vice president, head of consumer credit cards and marketing at Wells Fargo, agrees.
—Katy McFee, Forbes, 12 Dec. 2024
Earlier this year, the agency proposed landmark regulations to remove medical bills from consumer credit scores.
—Noam Levey, NPR, 3 Dec. 2024
In a major change that could affect millions of Americans' credit scores, the Consumer Financial Protection Bureau on Tuesday finalized a rule to remove medical debt from consumer credit reports.
—Elizabeth Schulze, ABC News, 7 Jan. 2025
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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 22 Jan. 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
Britannica.com: Encyclopedia article about consumer credit
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