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

This mechanism, along with creative tax incentives, was replicated throughout the New Deal—jump-starting technical and financial innovation in consumer credit, rural electrification, aluminum mining and aerospace industry.

Read more on Wall Street Journal

“President Trump announced during his campaign that he intended to put a 10 percent interest rate cap on consumer credit,” Warren told POLITICO.

Read more on Salon

The post-pandemic increase in wages in no way can compensate for the last opportunity cost of a generation of flat or real wage loss that was replaced by predatory consumer credit and student loans.

Read more on Salon

According to the DFPI, providers of earned wage access in California “have generally maintained that they are not subject to any existing consumer credit laws or regulations.”

Read more on Los Angeles Times

Walmart has ended a partnership with Capital One that made the banking company the exclusive issuer of Walmart’s consumer credit cards.

Read more on Seattle Times