consumer credit
Noun
Meaning
a line of credit extended for personal or household use
Source: WordNetSynonyms
Hypernyms
Hyponyms
Examples
“As Chairman, I look forward to working closely with the executive team to build a truly innovative consumer credit company.”
Chad Kusner is a 15-year veteran of the consumer credit industry.
By contrast, growth in student loan debts outpaced inflation, being both greater in number as well as balances; this undoubtedly creates a drag on capacity for other forms of consumer credit.
However, the credit bureaus themselves recently elected to remove the vast majority of tax liens from consumer credit reports as a matter of choice.
Many consumer credit decisions (such as applications for credit cards and loans) are made using FICO® Origination Manager.
Nor do the data show the full effects of the sharp cutback in the availability of consumer credit, which is still under way.