Debt Relief Industry Forecasts and Trends

Consumers Pull Back on Revolving Credit in June

Written by Steve Rhode

New Federal Reserve data out shows consumers decreased revolving credit debt by 5.1 percent in June 2012. However, non-revolving debt, that has student loans as a component, rose by 3 percent.

Overall, outstanding revolving consumer credit dropped from $868.3 billion to $864.6 billion.

The biggest pullback in issuance of revolving consumer credit came from depository institutions. Credit unions picked up 2.1 percent.

The chart below shows the level of seasonally adjusted revolving debt between 2/13/2009 to 6/30/2012.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

I can always use your help. If you have a tip or information you want to share, you can get it to me confidentially if you click here.

READ  Debt Collection Industry Sees Compliance and Customer Service as Key in 2012

About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Leave a Comment

Scroll to Top