Vocab Bloom Hub

consumer credit

/kənˈsjuːmə ˈkrɛdɪt/

1 entry

phrase

/kənˈsjuːmə ˈkrɛdɪt/B2formalbusiness
  • ruФинансовый термин, обозначающий заимствование денег или покупку товаров и услуг частными лицами, обычно через кредиты, кредитные карты или магазинные кредиты, с соглашением погасить сумму в течение времени.

A financial term referring to the borrowing of money or purchasing of goods and services by individuals, typically through loans, credit cards, or store credit, with the agreement to repay the amount over time.

  1. Borrowing for personal useB2formal

    A type of loan or credit provided to individuals for personal, family, or household purposes, rather than for business investments.

    ruПотребительский кредит

    • Many people use consumer credit to buy a car or pay for education.
    • The bank offers various forms of consumer credit, including credit cards and personal loans.
    • High levels of consumer credit can lead to increased debt for households.