Consumer credit increased by $16.6 billion in December to $4.010 trillion, the Federal Reserve reported Thursday.
In November, consumer credit rose a revised $22.4 billion to $3.994 trillion.
Economists polled by IFR Markets predicted a $17.0 billion increase in the month.
Revolving credit outstanding in December grew $1.7 billion to $1,0442.6 billion from $1,042.9 billion the previous month.
Non-revolving credit rose $14.8 billion to $2.9667 trillion from $2.951 trillion.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.
