WASHINGTON, Jan. 8 (UPI) -- U.S. consumer credit rose 4.75 percent on a seasonally adjusted annual basis in November, the Federal Reserve said Wednesday.
Revolving debt -- generally credit-card debt -- rose 0.5 percent, while non-revolving loans, typically mortgages and car loans, rose at an annual rate of 6.5 percent.
Consumer debt climbed to $3.087 trillion, the Fed said.
Non-revolving debt rose to $2.23 trillion, the Fed said. Revolving debt climbed to $856.9 billion.