In February, shopper credit score elevated at a seasonally adjusted annual price of seven.9%. Revolving credit score elevated at an annual price of 10.1%, whereas nonrevolving credit score elevated at an annual price of seven.3%.
Federal authorities holdings of pupil loans proceed to be the biggest portion of non-revolving credit score, comprising roughly 45.9% of excellent credit score. Depository establishments and finance firms are secondary and tertiary holders, with 25.1% and 16.6%, respectively, of excellent non-revolving credit score.
Learn the Fed release.