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

What's Next In Payments®
3:20 PM EST 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.

Comments
Also by This Author
What's Hot
Apple Pay Tracker
Western Union Set to Accept Apple Pay
Apple Pay Tracker
Fraud-Fighting Credit Card Startup Final Raises $1M In Seed Money
Merchant Innovation
Prosper Buys American Healthcare Lending for $21 Million
Alternative Financial Services
Student Borrowers Finding The Importance of Earnest
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Apple Pay Tracker
Western Union Set to Accept Apple Pay
Alternative Financial Services
Will Lending’s Future Be Untethered From Banks?
Apple Pay Tracker
Fraud-Fighting Credit Card Startup Final Raises $1M In Seed Money
Merchant Innovation
Prosper Buys American Healthcare Lending for $21 Million
View All Articles ››