Revolving Debt Jumps as Spending Strains Credit Cards
The fastest-growing part of consumer credit in September was the kind that lets a household put this week’s groceries on next month’s bill. The Federal Reserve’s Friday (Nov. 6) G19 report on consumer credit indicated that revolving credit, which includes credit cards, accounted for more than half of September’s $28 billion increase in consumer credit […] The post Revolving Debt Jumps as Spending…
We haven't written up this one. PYMNTS has the full story — the link below goes straight to it.
