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Author Message   Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3894 Registered: 05-2011 Rating: N/A Votes: 0 Posted on Friday, January 07, 2022 - 6:46 pm:    Consumer Credit up big in November Consumer credit increased by $39.9 bln in November. The prior month saw a downward revision to $16.1 bln from $16.9 bln. The key takeaway from the report is that increase in consumer credit in November was the largest monthly increase since December 2010. Revolving credit increased $19.8 bln to $1.037 trln. Nonrevolving credit increased $20.1 bln to $3.377 trln. In November, consumer credit increased at a seasonally adjusted annual rate of 11.0%. Revolving credit increased at an annual rate of 23.4%, while nonrevolving credit increased at an annual rate of 7.2%.