Consumer credit

RECENT NEWS
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...
TechCrunch  Sep 29  Comment 
 A consumer-facing credit monitoring startup, Credit Karma, is now worth more than a billion dollars following a new round of funding. The company announced this morning it has raised an additional $75 million in growth funding from Google...
newratings.com  Sep 23  Comment 
LONDON (dpa-AFX) - Pepper Australia Pty is in advanced discussions to buy Asia-focused lender Standard Chartered Plc.'s (SCBFF.PK, STAC.L, STAN.L) Hong Kong consumer credit unit, according to media reports, citing people familiar with the...
Clusterstock  Sep 8  Comment 
By Michael Flaherty WASHINGTON (Reuters) - U.S. consumer credit soared in July, posting its biggest jump since November 2001, driven in part by demand for auto loans and student borrowings. Total consumer credit increased $26.01 billion to...
Clusterstock  Sep 8  Comment 




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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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