Consumer credit increased by $28.8 billion in November to $3.827 trillion, the Federal Reserve reported Thursday.
In October, consumer credit rose $20.5 billion to $3.799 trillion.
Economists polled by IFR Markets predicted a $19.50 billion increase in November.
Revolving credit outstanding in November rose $11.2 billion to $1.023 trillion from $1.012 trillion the previous month.
Non-revolving credit rose $16.8 billion to $2.805 trillion from $2.788 trillion.
Revolving credit includes credit card debt.
Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.