Credit Card Debt Inches Up

Category: Auto Financing Published: Tuesday, 11 November 2014 Written by test

9 Consumer credit grew by $15.9 bil in Sept., about in line with the $16 bil consensus and up from $14 bil in Aug. Nonrevolving debt, which includes auto loans and student borrowing, expanded by $14.5 bil. But revolving credit, which includes credit cards, rose just $1.4 bil, an ominous sign for retailers hoping for greater consumer spending.

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