Definition of consumer credit in US English:

consumer credit

noun

  • Credit advanced to consumers for the purchase of goods or services.

    ‘consumer credit as a percentage of disposable income stood at a near record high of 21.1%’
    as modifier ‘the consumer credit marketplace’
    • ‘Today, despite record levels of additional Consumer Credit, we see rising delinquencies and charge-offs, particularly with the marginal "subprime" lenders.’
    • ‘Greater consumer credit excess and further financial sector leveraging ensure a more precarious disaster down the road.’
    • ‘The rise in net consumer credit slowed a little to £1.3bn from £1.7bn in April.’
    • ‘Consumer credit as a percentage of disposable income stood at a near record high of 21.1% in May against the all time record of 21.3% reached in September 2003.’
    • ‘The issuer must be someone who carries on a consumer credit business, that is, he must be in the business of making regulated credit agreements.’
    • ‘With consumer credit companies swallowing fewer write-off loans, their overall profit should be greater.’
    • ‘Credit-counselling is the giving of advice to a consumer who has incurred debts under consumer credit agreements.’
    • ‘In some cases people may save because there are few goods to buy or because consumer credit is scarce.’
    • ‘I don't know if a consolidation with a consumer credit agency will help.’
    • ‘These funds were already available for other private uses, such as private investment, mortgages, and other consumer credit.’