Consumer credit increased by $24.5 billion in November to $3.750 trillion, the Federal Reserve reported Monday.
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In October, consumer credit rose a revised $16.2 billion to $3.725 trillion, first reported as a $16.0 billion gain to $3.727 trillion.
Economists polled by Thomson Reuters predicted an $18.43 billion increase in the month.
Revolving credit outstanding in November grew to $992.4 billion from $981.4 billion the previous month.
Non-revolving credit rose to $2.758 trillion from $2.744 trillion.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.
