Posts Tagged ‘revolving credit’

Consumer Borrowing Slows in June

Posted on August 10, 2017 by Laura Lam

Consumer borrowing slowed a bit in June from the torrid growth in the prior month, but continued at a solid pace, according to government data released Monday.  Total consumer credit increased $12.4 billion in June to a record seasonally adjusted $3.86 trillion, posting an annual growth rate of 3.9%, according to the Federal Reserve.  This is down from a revised $18.3 billion gain in May, which was the strongest rate in six months. Consumer borrowing slowed a bit in the second quarter as a whole, continuing a trend in place since last fall. Credit rose at a 4.5% annual rate…

5 Uncommon Ways to Raise Your Credit Score

Posted on June 07, 2011 by Saldutti

Most consumers know the drill when cultivating their credit score – pay on time, try to wipe out the balance every month and never close too many accounts at once.  But beyond the basics, many consumers are still in the dark about what makes their credit scores go up and down.  Consumers understand that the credit utilization ratio – the total amount of revolving credit someone uses in a month, compared to the amount of available credit they have – is a major factor in calculating a score.  But did you know that it’s often calculated from the total on…