Credit a firm grants to consumers for the purchase of goods or services. Also called retail credit.
Reported by the Federal Reserve Board, measure money loaned to individuals requiring monthly repayment i.e. Bank loans, credit cards and installment credit.
The Consumer Credit Act strictly regulates the activities of providers of credit to consumers, including mortgages, unsecured loans and credit cards. Investment activities are regulated by the Financial Services Act.
All credit debts owed by an individual except those secured by real estate.
a line of credit extended for personal or household use
The general term for loans extended to individuals usually on an unsecured basis and providing for monthly repayment. Installment loans and personal loans are also referred to as consumer credit (unless the loan is used for business purposes or to purchase commercial property).
Loans to individuals to purchase goods and/or services for personal, family or household use.
This is a personal type of lending that is sought and granted to allow clients to obtain items or services for personal or family use or to be used in the household.
Loans for personal use as opposed to business or commercial lending. These loans are typically unsecured and not backed by collateral.
Monies owed that is not secured by real estate.
A loan given to anyone to purchase goods and/or services for personal, family or household use.
Loans for personal or household use as opposed to business or commercial lending. Loans are generally unsecured, not backed by collateral.
Consumer credit very often takes the form of "revolving" credit accounts (credit cards and lines of credit) the outstanding balance of which may be carried over from month to month, as per the specific terms of the credit agreement.
A debt consolidation services to an individual to purchase goods and/or services for personal, family or household use.
A loan to an individual to purchase goods and/or services for personal, family or household use. A loan granted to a consumer permitting the purchase of goods or services for personal, family, or household use.
Loans given to consumers to enable them to buy the output of producers.
A trade association for insurers of Credit Insurance in the areas of Life and Health.
Credit offered or extended to a consumer primarily for personal, family or household purposes.
Short-term loans to the consumers for the purchase of goods.
the advance of cash, goods, and services or the use of credit cards in exchange for a promise to pay at a later date, often by instalments that include interest and finance charges. Page 364
Credit owed by the individual, not secured by real estate.
Credit extended to the ultimate users of goods and services.
Money loaned to individuals, usually on an unsecured basis, requiring monthly repayment. Bank loans, credit cards and installment credit are examples of consumer credit.
A measure of the monthly growth in outstanding consumer installment credit which can act as a leading indicator for consumer spending.
Economic indicator that measures the level of outstanding consumer installment debt. Can be used in conjunction with retail sales to determine whether cash or credit is fueling growth. Frequency: monthly. Source: Federal Reserve.
The general banking term for loans extended to individuals or small businesses, providing for monthly repayment. Customers may get loans for cars, appliances, boats, furniture, minor home improvements, etc.
Loan extended to individuals. Consumer credit includes secured and unsecured installment and revolving credit. Also call personal loans. See also Personal Loan.
credit owed that is not secured by real estate.
