Consumer Credit Climbs To $15.9 Billion In September, Driven By Student, Auto Loans

Consumer credit in the U.S. climbed in September, as Americans increased borrowing for student and auto loans. Credit grew at a seasonally adjusted annual rate of 5.9 percent, up from August's revised 5.2 percent growth, as outstanding credit rose to $15.9 billion, the Federal Reserve said Friday. For the third quarter, consumer credit grew 6.5 percent.