Consumer credit

RECENT NEWS
New York Times  Jan 28  Comment 
Sesame Credit Management will use data on online spending habits to try make credit more easily available to millions of consumers across China.
MarketWatch  Jan 8  Comment 
Consumers increased their use of credit in November by the slowest pace in a year, Federal Reserve data released Thursday show. Consumer credit grew at a seasonally adjusted annual rate of 5.2% in November, for a gain of $14.1 billion to $3.30...
Clusterstock  Dec 5  Comment 
Consumer credit balances increased by $13.22 billion in October. This was a bit less than the $16.50 billion expected by economists. Non-revolving credit, which includes auto loans and student loans, increased by $12.3 billion. Revolving...
New York Times  Nov 13  Comment 
Officials suspect that big banks ignore bankruptcy court discharges, keeping debts alive on credit reports and impairing borrowers’ ability to secure housing and jobs.
MarketWatch  Nov 7  Comment 
Consumer credit grew at a seasonally adjusted annual rate of 5.9%, for a gain of $15.9 billion, the Federal Reserve said Friday, as demand for student and auto loans stayed strong. Nonrevolving debt like car and student loans grew at a 7.3% rate,...
StreetInsider.com  Nov 7  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Economic+Data/Sept.+Consumer+Credit+%2415.92B+vs+%2416B+Expected/9990327.html for the full story.
Yahoo  Oct 7  Comment 
Total consumer credit rose $13.5 billion to $3.25 trillion in August, the Federal Reserve said on Tuesday. Economists polled by Reuters had expected consumer credit to increase $20 billion in August. The weak reading could bolster the view that...




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Consumer credit is credit extended specifically for personal or household use.

Consumer credit is credit referring specifically to credit extended for personal or household use by individual consumers and their families. This differs from, say, business or bank credit, which is used by corporations or banks.

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