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 bi
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 bi
This story was curated by Paysonas from PYMNTS.com as part of our daily payment-industry briefing. Read the original article for full details.