U.S. consumers took on more debt in November to buy cars and attend school, but stayed cautious with their credit cards.
U.S. consumers took on more debt in November to buy cars and attend school, but stayed cautious with their credit cards.
The Federal Reserve said Tuesday that consumers increased their borrowing in November by $16 billion from October to a seasonally adjusted record of $2.77 trillion.
Borrowing that covers autos and student loans increased $15.2 billion. A category that measures credit card debt rose by just $817 million.
News Tribune news services
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Discover Financial Services on Thursday reported higher earnings for its fiscal fourth quarter, as users of its namesake credit card stepped up purchases and the company wrote off fewer unpaid balances.
Two drivers called the Seattle-Tacoma International Airport this summer to check on their credit-card charges. They thought they paid to park in the airport garage, but were never charged.
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If you're not applying for a loan or a credit card, does your credit history really matter?
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