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Consumer Credit

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Consumer Credit

A debt that someone incurs for the purpose of purchasing a good or service.

Notes:

A mortgage for purchasing a house is technically not consumer credit. However, the 52 inch television you put on your credit card is a great example.

See also: Credit, Debt

Consumer credit

Credit a firm grants to consumers for the purchase of goods or services. Also called retail credit.

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References in periodicals archive

Composite Index of Lagging Indicators
Consumer Advisory Council
Consumer Credit Protection Act of 1968
Debt Bomb

National Foundation for Consumer Credit
Retail credit
Right of rescission

Bank executives expect consumer credit to grow five times faster than the overall economy, which is forecast to increase by 3.

High interest: Brazil's consumer-credit business is getting ready to ... by Ogier, Thierry / Latin Trade

Retail exposures include various types of consumer credit such as residential mortgages, consumer credit cards, and automobile and personal loans as well as some small business loans.

Comments requested on proposed guidance for Retail Credit Risk by Federal Reserve Bulletin

Consumer Credit Counselors of Los Angeles appointed Toby J.

Consumer Credit Counselors of Los Angeles by Los Angeles Business Journal

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