consumer credit

noun

1. credit extended by a retail store, bank, finance company, or other lender, chiefly for the purchase of consumer goods.

Word History and Origins

Origin of consumer credit¹

First recorded in 1925–30

Example Sentences

It also put in place new rules designed to protect consumers from predatory terms attached to student loans, mortgages and consumer credit.

From Washington Post

The fair credit report act ensures fairness, accuracy, and privacy in consumer credit files.

From Essence.com

Before the pandemic, consumer credit card debt grew for eight consecutive years, reaching a record high of $829 billion in 2019, according to data collected by Experian, one of the three major credit bureaus.

From Washington Post

The study, published in JAMA Internal Medicine, is described by the researchers as one of the first of its kind to connect the health data of more than 80,000 Medicare beneficiaries with federal consumer credit reports.

From Washington Post

It seems that every week, there is another startup launching a consumer credit card, or a new debt product, or another savings app designed to help consumers with their finances.

From TechCrunch

Tax breaks to selected manufacturers like automakers, and dollops of consumer credit, have jammed the malls and snarled traffic.

From The Daily Beast

Consumer credit, on the other hand, rose for the eighth straight quarter, this time at an annual rate of 4.5 percent.

From The Daily Beast

Consumer credit fell steeply in 2009 and has been barely flat through 2010.

From The Daily Beast

First, to continue the power to control consumer credit and enlarge the power to control bank credit.

From Project Gutenberg