Consumer credit is a financial service product, which refers to loans provided by banks and other financial institutions to consumers for consumption purposes such as purchasing consumer goods, paying travel expenses, education and training, and medical care. The loan amount of consumer credit is generally small, and personal credit is usually used as the main evaluation standard. Therefore, compared with other types of loans, consumer credit is easier to obtain.

In recent years, with the rapid development of China's economy, consumers' demand for consumer goods has been increasing. At the same time, consumers are more inclined to use consumer credit to meet this demand. The convenience and flexibility of consumer credit make it one of the important tools to promote consumption and stimulate economic growth.

China's consumer credit market is becoming more and more mature, and major banks and financial institutions are constantly launching various consumer credit products to meet the needs of consumers. The types of consumer credit are also increasingly diversified, such as credit card installment payments, consumer loans, medical and aesthetic loans, education loans, etc. In addition, consumer credit has some other characteristics, such as relatively high interest rates and relatively short repayment periods.

Although consumer credit has promoted consumption and economic growth to a certain extent, there are also some potential risks and challenges. Since consumer credit is usually assessed based on personal credit, some consumers may have problems such as overdue repayments, which increases the risk of financial institutions. In addition, the high interest rate and short term of consumer credit may also bring certain financial burdens and risks to consumers.

Overall, consumer credit is an important financial service product that can provide convenience and support to consumers and promote consumption and economic growth. However, when using consumer credit, consumers need to pay attention to financial planning and risk control to avoid problems such as overdue repayments.