Revolving debt little changed, but non-revolving debt rises 9.4%
WASHINGTON, Feb. 7 () -- Consumer borrowing rose in the fourth quarter although credit card debt was little changed, the U.S. Federal Reserve said Thursday.The Fed said total borrowing rose 6.5 percent on a seasonally adjusted annual rate with non-revolving credit -- which includes auto loans,[url=http://www.christianslouboutinsales.com]Christian Louboutin Men[/url], personal loans and student loans -- up 9.4 percent and revolving credit up 0.1 percent.The fourth quarter ended with total consumer debt at $2.747 trillion -- $1.928 trillion in non-revolving debt and $849.8 billion in revolving debt.Consumer credit rose at an annual rate of 6.25 percent in December,[url=http://www.christianelouboutinoutlet.com]Cheap Christian Louboutin Shoes[/url], the Fed said.
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