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Source: ABA Newsbytes 1-9-2013
Consumer Credit Rises in November
Consumer credit rose at a 7 percent annual rate -- or $16.1 billion -- in November, the Federal Reserve reported yesterday. The demand for auto loans, student loans and other types of nonrevolving credit increased at a 9.6 percent annual rate, or $15.2 billion. Revolving credit, the borrowing category that includes credit cards, rose at a 1.1 percent annual rate, or $0.8 billion.
Alliance Bank would love to talk with you about auto, home equity, and mortgage loans. If you qualify, you can enjoy the great rates currently available for those purchases you have been delaying. Call us at 573-334-1010 or stop by one of our branches in Cape Girardeau, Oran, or Sikeston.