Credit Check

Credit CheckMobile WalletInformed InsightIndustry PulseQ4 2014

How Much are Consumers Spending and Borrowing?

Last Updated:  Dec 18th, 2014

Consumer Spending

Consumer Credit Through Q2 2014

  • The Q3 2014 Consumer Credit Index reveals:
    • U.S. consumer credit grew at a 6.6% seasonally adjusted annual rate during Q3 2014.
    • Revolving credit increased to 880.5 billion, continuing the ongoing significant growth seen since the start of 2014.
  • An interesting trend reported by Equifax notes that while overall credit card usage is down, retail credit debt grew 7% when compared the third quarter of 2013 to 2012. This is marked difference from the .5% growth seen on general purpose cards.


Looking Ahead



  • Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit Credit cards are an example of revolving credit used by consumers.

  • Non-revolving credit is when credit is extended via a fixed repayment plan. These payments are paid on non-revolving credit plans.