What does "consumer credit" mean?

Credit extended to an individual for the purchase of consumer goods and services.

Consumer credit

Common synonyms include: borrowing power, credit rating, credit union, dun and bradstreet rating, installment plan, rating.

noun

noun ·Rare ·Advanced level

Noun

1
Credit extended to an individual for the purchase of consumer goods and services. uncountable
2
a line of credit extended for personal or household use wordnet