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Consumer credit is the debt that someone incurs upon purchasing any non-investment good or service whose value depreciates quickly. This includes purchases made on credit cards, lines of credit, and some loans. Loans for purchasing real estate are not included, as its value does not fall quickly after purchase. Taking a loan out on a car or boat, however, is considered consumer credit.
- ↑ Consumer Credit Definition. AllBusiness.
- ↑ October Consumer Credit. Briefing.com.