RULE 424(b)(2)
                                                  REGISTRATION NO. 33-56207
                                                                 

   PRICING SUPPLEMENT NO. 7            TO PROSPECTUS DATED NOVEMBER 3, 1994
                                        (As supplemented November 17, 1994)


                    IBM CREDIT CORPORATION

                       MEDIUM-TERM NOTES

                       (Fixed Rate Note)

      (Due from 9 months to 30 years from date of issue)


   Designation:  Fixed Rate              Original Issue Date:
     Medium-Term Notes Due                 February 1, 1995
     February 1, 2000
                                         Maturity Date:
   Principal Amount:  $25,000,000          February 1, 2000

                                         Regular Record Dates:
   Issue Price (as a percentage of         Fifteenth calendar day (whether 
     Principal Amount):  100%              or not a Business Day) prior to 
                                           the corresponding Interest      
                                           Payment Date
   Interest Rate:  8.00% from
     February 1, 1995 to January 
     31, 1996 inclusive; 8.25% from      Interest Payment Dates: 
     February 1, 1996 to January           Each February 1 and August 
     31, 1997 inclusive; 8.50% from        1, commencing August 1, 1996
     February 1, 1997 to January           and ending on the Maturity Date
     31, 1998 inclusive; 8.75% from 
     February 1, 1998 to January         Denominations:  $1,000 and
     31, 1999; and 9.00% from              integral multiples of $1,000 in
     February 1, 1999 to the               excess thereof
     Maturity Date

   Commission or Discount (as a      
     percentage of Principal         
     Amount):  0.0%                      CUSIP:  44922L R73

   Redemption Provisions:
     The Notes are redeemable at the
     option of the Company on any
     Interest Payment Date,
     occurring on or after               Form:  [X] Book-Entry
     February 1, 1996                           [ ] Certificated

                                           

           This Pricing Supplement supplements and, to the extent
   inconsistent therewith, amends the description of the Notes referred to
   above in the accompanying Prospectus Supplement and Prospectus.





      2



                                INTEREST

           Interest on the Notes will be calculated based on a year of 360
   days consisting of 12 months of 30 days each.  

           If any payment of principal or interest is due on a day that is
   not a Business Day, that payment may be made on the next succeeding
   Business Day.  No additional interest will accrue as a result of the
   delay in payment.  For purposes of the offering made hereby, "Business
   Day" as used herein and in the accompanying Prospectus Supplement means
   each day on which commercial banks and foreign exchange markets settle
   payments in The City of New York.  Capitalized terms used but not
   defined herein have the meanings assigned in the accompanying Prospectus
   Supplement and Prospectus.

                                  REDEMPTION

           The Notes are redeemable by the Company on any Interest Payment
   Date occurring on or after the February 1, 1996 Interest Payment Date,
   in whole but not in part, on at least 30 days prior notice at a
   redemption price of 100% of the principal amount thereof plus accrued
   interest thereon to the date of redemption.

                             PLAN OF DISTRIBUTION

           The Notes will be sold to Morgan Stanley & Co. Incorporated
   ("Morgan Stanley") for resale to one or more investors at varying prices
   related to prevailing market prices at the time of resale, as determined
   by Morgan Stanley.  

   Dated:  January 12, 1995