> US August consumer credit up $13.63B vs $12B expected

US August consumer credit up $13.63B vs $12B expected

Adam Button

Monday, 07/10/2013 | 19:02 GMT

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Revolving debt (credit cards) up $883M after $1.8B decrease in July
Non-revolving credit up $14.51B vs $12.2 rise in July

Non-revolving credit growth is a good thing as it shows confidence in the ability to repay loans and a willingness to lend.

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