Consumer credit increased by $18.7 billion, or 7.3%, in December to $3.106 trillion, the Federal Reserve reported Friday.
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In November, consumer credit rose a revised $12.0 billion, or 4.8%, to $3.087 trillion. November's increase was originally reported as $12.3 billion.
Revolving credit outstanding climbed to $861.9 billion from $856.9 billion.
Non-revolving credit rose to $2.244 trillion from $2.230 trillion.
The consumer credit surpassed the median $12 billion rise projected by economists polled by Thomson Reuters.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.
