Consumer credit increased by $12.4 billion in June to $3.856 trillion, the Federal Reserve reported Monday.
In May, consumer credit rose a revised $18.3 billion to $3.843 trillion, first reported as a $18.4 billion rise.
Economists polled by IFR Markets predicted a $15.54 billion increase in the month.
Revolving credit outstanding in June rose $4.1 billion to $1.022 trillion from $1.018 trillion the previous month.
Non-revolving credit rose $8.3 billion to $2.834 trillion from $2.826 trillion.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.