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Fed Reports October Decline in US Consumer Credit

Tags » Consumer Debt, Credit Card Debt Counseling, Financial Regulators » Comments (0)

The Federal Reserve has published its latest G.19 Consumer Credit report for October 2008 showing that overall consumer credit decreased at an annual rate of 1.6 percent in October. Revolving credit decreased at an annual rate of 0.2 percent and nonrevolving credit decreased at an annual rate of 2.5 percent.

Posted: Dec 5, 2008 12:36 PM Pacific | Permalink | |

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