Consumer Credit is credit extended to individuals for personal, family, or household use.
Credit Card Context:
“John applied for a credit card to take advantage of consumer credit, which allowed him to make purchases and pay for them over time.”

Personal Loan:
“Samantha used consumer credit as a personal loan to finance her home renovation project.”

Retail Financing:
“Many retail stores offer consumer credit options, allowing customers to buy items now and pay for them in installments over several months.”

Auto Financing:
“The dealership extended consumer credit to help the family purchase their new car, with flexible monthly payments.”

Student Loans:
“Student loans are a form of consumer credit designed to help individuals pay for educational expenses, with repayment typically starting after graduation.”