Credit Card and Debt Statistics Database
by Scott Bilker |
Credit Card Debt Rises |
In September, consumer credit rose a revised $4 billion, well above the previously reported drop of $1.2 billion. Consumer credit fell at a 0.6% annual rate in October, the biggest decline since October 1992, the Fed said. Non-revolving credit fell at a 3.3% annual pace in October, which was the largest decline since a 3.4% decrease in May of 1993, according to the Fed. Revolving credit gained at a 4.1% annual rate in October on top of a 4.9% increase the prior month. |
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Categories: |
Credit Cards,Consumer Credit |
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Reporting Pub: |
usatoday.com |
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Reporting Date: |
12/7/2006 |
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Article
Title: |
Consumer borrowing slows, but credit card debt rises |
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Article
Author: |
Reuters |
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Pub's Source: |
Federal Reserve Board |
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Source
URL: |
View details from source |
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