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Consumer credit rose in December

Feb. 7, 2012 at 7:15 PM

WASHINGTON, Feb. 7 (UPI) -- Consumer borrowing rose by $20 billion in December to $2.49 trillion, the U.S. Federal Reserve said Tuesday.

The Fed said non-revolving credit, which includes auto loans, personal loans and student loans, rose from $1.68 trillion in November to $1.69 trillion in December. Revolving credit, which includes lines of credit and credit cards, increased from $7.9 billion to 8 billion, the Fed said.

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