U.S. Consumer Credit Beats Estimates, Jumps $16.1 Billion In November

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3:20 PM EDT January 9th, 2013

U.S. consumer credit rose by an adjusted $16.1 billion in November 2012, surpassing a projected $12.8 billion increase by economists.

Increased borrowing for auto loans and student loans helped contribute to the rise, reports BankCreditNews.com.

Read the full story here.

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