Consumer credit outstanding has increased an average of $15 billion per month over the past five months. The strength over that period has come almost entirely from nonrevolving credit.

In December, revolving credit shrank $3.6 billion and nonrevolving increased $18.2 billion.

Consumer Credit, billions, SA

Additional detail:

  • Consumer credit outstanding is currently $195 billion past its mid-2008 peak. The recovery has come mostly from no-revolving credit, which is now 24 percent greater than its prerecession peak. Revolving credit meanwhile is 17 percent below the level in mid-2008.
  • Note: Consumer credit is credit extended to individuals for household, family, and other personal expenditures, excluding loans secured by real estate.