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Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.
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Consumer Demand Increased in Feb 2002

Demand for nonrevolving credit, including new cars and vacations, grew by $6.4 billion in February, or at an annual rate of 7.9 percent. That followed a smaller $5.7 billion increase, or a 7 percent growth rate, in January.

For revolving credit, demand edged up by $674 million, or at an annual rate of 1.2 percent in February. That compared with an increase of $1.4 billion and a growth rate of 2.4 percent in January.

In January, consumer credit also rose at a 5.1 percent rate, according to revised figures. That was a big slowdown compared with the 9.3 percent pace the Fed reported a month ago.
        Categories:  Finances,Consumer Demand
        Reporting Pub:  Yahoo News
        Reporting Date:  4/5/2002
        Article Title:  Active Borrowing Reported in Feb.
        Article Author:  JEANNINE AVERSA
        Pub's Source:  The Federal Reserve
        Source URL:  View details from source
 

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