Consumer credit increased by $26.9 billion, or 10.2%, in April to $3.175 trillion, the Federal Reserve reported Friday.
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In March, consumer credit rose a revised $19.5 billion, or 7.5%, to $3.148 trillion. March's increase was originally reported as $17.5 billion, or 6.7%.
Revolving credit outstanding climbed to $870.4 billion from $861.6 billion.
Non-revolving credit rose to $2.305 trillion from $2.287 trillion.
The consumer credit increase exceeded the median $16 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.
