Consumer credit increased by $19.9 billion in January to $3.855 trillion, the Federal Reserve reported Wednesday.
In December, consumer credit rose a revised $19.2 billion to $3.841 trillion.
Economists polled by IFR Markets predicted a $17.75 billion increase in the month.
Revolving credit outstanding in January rose $700 million to $1.030 trillion from $1.029 trillion the previous month.
Non-revolving credit rose $13.2 billion to $2.825 trillion from $2.812 trillion.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.