Consumer credit increased by $10.5 billion in January to $3.544 trillion, the Federal Reserve reported Monday.
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In December, consumer credit rose a revised $6.4 billion to $3.533, first reported as a $21.3 billion increase to $3.549 trillion.
Economists polled by Thomson Reuters predicted a $16.75 billion increase in the month.
Revolving credit outstanding in January edged down to $935.3 billion from $936.4 billion the previous month.
Non-revolving credit rose to $2.608 trillion from $2.597 trillion.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.
