Consumer credits of banks including personal loans and credit card receivables are one of the most important financing tools for household consumption besides household income. Also, consumer credits have a direct effect on the level of total demand; therefore they affect gross domestic product and the amount of imported goods. In that sense, the effects of consumer credits over current account deficit draw great deal of attention. In this study, based on the data of Turkey's 1999-2014 period, the effect of consumer credits and other credit indicators over gross domestic product and current account deficit and the direction of the relationship among those variables are analyzed. As a conclusion, the evidence shows that there is positive casual relationship between consumer credits and growth in gross domestic product. Besides, the total amount of consumer credits seems to have evident negative casual effect on current account balance (deficit). In managing current account deficit which becomes a structural problem in Turkey, credit restrictions especially for consumer credits appear to be critically important. On the other hand, the negative effect of credit restrictions for consumer credits over economic growth should also be taken into account.