Total consumer credit rose in July to a seasonally adjusted $3.91 trillion, for an annual growth rate of 5.1 percent. Revolving credit, such as credit cards, rose only 1.5 percent per annum. Nonrevolving credit, typically auto and student loans, jumped 6.4 percent per annum.
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Wednesday, September 12, 2018
July consumer credit use rose 5.1 percent, mostly due to auto and student loans
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