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In July, total consumer credit decreased at a seasonally adjusted annual rate of 1-1/2 percent.  Revolving credit* decreased at an annual rate 6-3/4 percent. Nonrevolving credit* increased at an annnual rate of 1 percent. Source: Federal Reserve *Note: Nonrevolving credit can be used only once, such as with a car loan or student loan. Revolving credit can be used multiple times, such as with a credit card. |
11 September 2012
• U.S. Consumer Credit - July 2012
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