US consumer borrowing in January exceeded forecast as non-revolving credit climbed the most in seven months. Total credit rose $19.5 billion after a revised $919 million gain in December, according to ...

US consumer borrowing increased in August at a slower pace than a month earlier, restrained by the largest drop in credit-card balances since March 2021. Total credit outstanding rose $8.9 billion ...

Americans have been using their credit cards more than ever this summer. Revolving credit went up by 9.7% in July compared with a year earlier, according to the Federal Reserve. After months of ...

WASHINGTON, D.C. — While the Federal Reserve didn't have any update on averages for new-vehicle loans by finance companies, officials noticed non-revolving credit increasing at a rate not seen since ...

Terry Lane is a writer for Investopedia with 25 years of experience in journalism and communications. He covers personal finance, Congress, government regulations, and economics. Hero Images Inc. / ...

Revolving credit allows borrowers to have ongoing access to funds in the form of a line of credit, which comes with rules about how much credit is available to the borrower and how they have to ...