The September 2009 Consumer Credit Report shows that consumers continue to shed debt at an increasing pace. Consumer credit decreased at an annual rate of 6 percent in the third quarter of 2009. Revolving credit decreased at an annual rate of 10 percent, and nonrevolving credit decreased at an annual rate of 3.75 percent. In September, consumer credit decreased at an annual rate of 7.25 percent.
To view the full statistical report, please click on the “Consumer Credit Statistics” page on the menu bar above.
Gregg D. Killoren
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