Credit card borrowing rises for first time in 7 months

  • By cvbizz
  • November 6, 2020
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Above video: How the pandemic has changed Americans’ spending habitsU.S. consumers increased their borrowing in September, helped by the first gain in the category that covers credit cards in seven months.The Federal Reserve reported that total borrowing rose by $16.2 billion in September, rebounding after a drop of $6.9 billion in August. The increase included a $3.98 billion increase in the category that includes credit

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