The Fed breaks consumer credit into two main categories: revolving credit, such as credit cards, and non-revolving credit like auto loans, student loans and personal loans. July's surge was driven ...

Learn how credit agreements outline loan terms, their various types, and how borrowers and lenders can negotiate these contracts under different circumstances.

Total consumer credit outstanding increased $19.6 billion (0.7%) to $2.84 trillion from April to May, according to a Federal Reserve report (link opens a PDF) released today. After bumping up 0.4% in ...

US consumer debt outstanding unexpectedly surged by the most on record in December, reflecting massive increases in credit-card balances and non-revolving credit. Total credit jumped $40.8 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 ...

US consumer borrowing increased in December by the most in a year, reflecting a pickup in both revolving and non-revolving credit. Total credit outstanding rose $24 billion following a $4.7 billion ...