Consumer credit increased by $20.7 billion in June to $3.422 trillion, the Federal Reserve reported Tuesday.
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In May, consumer credit rose a revised $16.5 billion to $3.401 trillion. The month's increase was originally reported as a $20.54 billion gain.
Economists polled by Thomson Reuters predicted a $17.0 billion increase in the month.
Revolving credit outstanding in May edged up to $906.5 billion from $901.0 billion the previous month.
Non-revolving credit rose to $2.516 trillion from $2.500 trillion.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.
