consumer credit (Meaning)
Wordnet
consumer credit (n)
a line of credit extended for personal or household use
Synonyms & Antonyms of consumer credit
No Synonyms and anytonyms found
consumer credit Sentence Examples
- Consumer credit allows individuals to borrow money for personal expenses such as purchasing a car or home.
- Understanding consumer credit is essential for managing finances responsibly.
- Banks and financial institutions offer various types of consumer credit, including credit cards, loans, and lines of credit.
- Access to consumer credit enables people to make purchases and investments that they otherwise couldn't afford.
- Responsible use of consumer credit can help build a positive credit history, leading to better loan terms and interest rates in the future.
- Consumer credit scores reflect individuals' creditworthiness and their ability to repay debts.
- Consumer credit counseling services provide advice and assistance to individuals struggling with debt management.
- Excessive reliance on consumer credit can lead to financial difficulties and debt accumulation.
- Consumer credit regulations aim to protect borrowers from predatory lending practices and ensure fair treatment in the credit market.
- Managing consumer credit wisely is crucial for maintaining financial stability and achieving long-term financial goals.
FAQs About the word consumer credit
a line of credit extended for personal or household use
No synonyms found.
No antonyms found.
Consumer credit allows individuals to borrow money for personal expenses such as purchasing a car or home.
Understanding consumer credit is essential for managing finances responsibly.
Banks and financial institutions offer various types of consumer credit, including credit cards, loans, and lines of credit.
Access to consumer credit enables people to make purchases and investments that they otherwise couldn't afford.
