Consumer Credit Climbed 0.3% in July

September 2007
American Banker;9/11/2007, Vol. 172 Issue 175, p18
Trade Publication
The author reports that consumer borrowing increased 0.3% in July 2007, compared to June 2007. According to a report by the U.S. Federal Reserve Board, outstanding credit card debt increased to $2.4 trillion in July 2007. Revolving and nonrevolving credit also grew in this same time period. Comparisons are made in regards to how much the various types of credit grew in both June 2007 and July 2007.


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