Consumer borrowing decreased by $6.6 billion in December to $2.562.3 trillion from $2.568.9 trillion in November, the Federal Reserve reported Friday.
The November decrease was revised to a $11.1 billion drop from the $7.9 billion loss previously reported.
Revolving credit fell to $963.6 billion from $969.9 billion in November, while non-revolving credit fell to $1.598.7 trillion from $1.599.0 trillion.
Non revolving debt includes loans for automobiles, mobile homes, education, boats, trailers, or vacations.