Monday, October 2, 2023

Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.

Slower Increase in Consumer Credit

Consumer credit increased at an annual rate of 5 percent in May, down from a 10.5 percent rate in April, according to the Federal Reserve. Both revolving and nonrevolving credit increased at a slower rate, compared to the previous month. Commercial banks held 34 percent of total consumer credit, 31 percent of revolving credit and 37 percent of non-revolving consumer credit.
        Categories:  Debt,Consumer Credit
        Reporting Pub:  Aba.com
        Reporting Date:  7/1/2001
        Article Title:  Briefing on the Economy, Credit, and Interest Rates from the Economic Advisory Committee of the American Bankers Association July 2001
        Article Author:  Bank Economist Outlook
        Pub's Source:  Federal Reserve Board
        Source URL:  View details from source
 


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