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Posted: Thu 6:50, 21 Nov 2013 Post subject: WASHINGTON |
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WASHINGTON, May 8 () -- Consumer borrowing rose in the first quarter of 2013, although credit card debt was little changed, the U.S. Federal Reserve said.The Fed said total borrowing rose 5.75 percent on a seasonally adjusted annual rate with non-revolving credit -- which includes auto loans, personal loans and student loans -- up 8.1 percent on an annual rate and revolving credit up 0.2 percent.For March, consumer credit rose at an annual rate of 3.5 percent, the Fed said in a report released late Tuesday.The quarter ended with total consumer debt at $2.807 trillion -- $1.961 trillion in non-revolving debt and $846.2 billion in revolving debt,[url=http://www.trueireligion.com]True Religion Outlet Store[/url], the Fed said.
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