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More on Consumer Credit: The $19.6B rise in May was the most in a year, bringing the annualized...

More on Consumer Credit: The $19.6B rise in May was the most in a year, bringing the annualized percentage gain up to 8.3%. Previous increases have typically been from nonrevolving debt (auto and student loans), with revolving debt (credit cards) sitting out, but revolving debt accounted for $6.6B of the increase in May. At $856.5B, it's little-changed since a steep post-financial crisis drop. Nonrevolving debt of nearly $2T is about 33% higher than it stood 4 years ago. (full report)
Comments (1)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    "Nonrevolving debt of nearly $2T is about 33% higher than it stood 4 years ago."

     

    Report shows total nonrevolving only increasing since 2008/9.
    Total outstanding revolving showing new high since 2009.
    8 Jul 2013, 03:48 PM Reply Like
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