 Posted: Thu 17:50, 31 Oct 2013 Post subject: although credit card debt was little changed |
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| Total loans up 5.7 percent at annual rate in first quarter
WASHINGTON, May 8 () -- Consumer borrowing rose in the first quarter of 2013, although credit card debt was little changed, the U.S. Federal Reserve said.The Fed said total borrowing rose 5.75 percent on a seasonally adjusted annual rate with non-revolving credit -- which includes auto loans, personal loans and student loans -- up 8.1 percent on an annual rate and revolving credit up 0.2 percent.For March,[url=http://www.godsdrama.com/]cheap true religion[/url], consumer credit rose at an annual rate of 3.5 percent, the Fed said in a report released late Tuesday.The quarter ended with total consumer debt at $2.807 trillion -- $1.961 trillion in non-revolving debt and $846.2 billion in revolving debt,[url=http://www.tjmobiles.com]Jimmy Choo Sale[/url], the Fed said. |
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