Phrases with «consumer borrowing»

Consumer borrowing refers to the act of individuals or households taking loans or using credit to borrow money for personal expenses. It includes using credit cards, taking out personal loans, or financing purchases with installment plans. Essentially, it is when people borrow money to buy things they need or want but don't have enough cash to immediately pay for. Full definition

Sentences with «consumer borrowing»

  • Interest rates on consumer borrowing, including mortgage rates, tend to go up. (investopedia.com)
  • As credit cards are one of the primary ways that American consumers borrow money, there are plenty of good deals available. (best.creditcard)
  • It appears the percentage of consumers borrowing outside of mortgages has actually gone up for the month. (creditrepair.org)
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