consumer credit
nounDefinition of consumer credit
: 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
And how consumer credit reporting agencies were trying to get everyone to lock or freeze their credit reports to stop the problem from snowballing? — Nathan Bomey, USA TODAY, "Equifax to pay up to $700 million in FTC settlement over security breach," 22 July 2019 And since Treasury yields serve as a benchmark for business and consumer credit, the price of corporate debt, mortgages and auto loans would then rise, putting the brakes on US economic growth. — Julia Horowitz, CNN, "China has a $1 trillion trade war weapon. Will it ever use it?," 7 Aug. 2019 Further Reading Apple debuts its own credit card with a physical version to complement the app In the US, the card is backed by Goldman Sachs—a bank that usually is not focused on consumer credit cards. — Samuel Axon, Ars Technica, "Apple’s innovative virtual credit card is now available—but only to some people," 6 Aug. 2019 The incident sparked outcries on Capitol Hill and among consumer advocates for more oversight of the three big consumer credit-rating companies: Equifax, TransUnion and Experian. — Los Angeles Times, "Equifax to pay up to $700 million in data-breach settlement," 22 July 2019 On July 22, the FTC announced that Equifax had agreed to a $575 million settlement in connection to a massive 2017 data breach at the consumer credit reporting agency. — Tara Law, Time, "'You Will Be Disappointed.’ Too Many People Want Their $125 From Equifax, FTC Says," 31 July 2019 The consumer credit reporting agency settled with 48 states, including Arizona, and the District of Columbia and Puerto Rico. — Kyra Haas, azcentral, "Massive 2017 Equifax data breach affected 2.9 million Arizonans. Now the company is paying up," 22 July 2019 Over the past decade, Orlando’s student loan debt increased from $400 million to $1.26 billion, according to Experian, a consumer credit reporting company. — Annie Martin, orlandosentinel.com, "New bankruptcy program seeks to help people saddled with student debt; 2.4 million Floridians owe $85.5 billion," 15 July 2019 According to the consumer credit reporting firm, the average student loan debt in Alabama is $35,674. — William Thornton | Wthornton@al.com, al.com, "Alabama among nation’s leaders in rising student loan debt," 5 June 2019These example sentences are selected automatically from various online news sources to reflect current usage of the word 'consumer credit.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Keep scrolling for more
Keep scrolling for more