# U.S. Consumer Credit Rises $27.8 Billion in September

The Federal Reserve’s November 6 release shows consumer borrowing accelerated in September, led by revolving credit, after a slower August increase.

By Will Langan | 24X7 News
Published: 2026-11-06T20:06:03.080Z
Updated: 2026-11-06T20:58:28.722Z
Section: Money
Format: News
Canonical: https://24x7news.us/articles/us-consumer-credit-september-2026-fed-november-6

U.S. consumer credit increased by about $27.8 billion in September, according to Federal Reserve figures released November 6, as revolving borrowing rebounded from an August decline.

Total consumer credit outstanding reached a seasonally adjusted $5.2244 trillion, up from $5.1966 trillion in August. The September increase was equivalent to a 6.4% annual rate, compared with a revised 1.9% annual rate in August. Those annualized figures express the pace of one month’s change; they do not mean borrowing rose 6.4% during September itself.

Revolving credit, which includes credit card borrowing, grew at a 14.5% annual rate in September after contracting at a revised 4.4% pace in August. The seasonally adjusted outstanding balance rose to $1.3685 trillion from $1.3522 trillion, an increase of about $16.3 billion based on the rounded levels in the release.

Nonrevolving credit increased at a 3.6% annual rate, down from 4.1% in August. That category includes motor vehicle and education loans, among other borrowing. Its outstanding balance reached $3.856 trillion, compared with $3.8444 trillion a month earlier.

For the third quarter as a whole, consumer credit expanded at a 4.2% annual rate. Revolving credit grew at a 4.1% pace over the quarter, while nonrevolving credit increased 4.2%.

The Fed’s G.19 report covers most credit extended to individuals but excludes loans secured by real estate. September and third-quarter figures are preliminary, and the August figures were revised. The release describes borrowing balances and their changes; it does not by itself establish why households borrowed more or how much financial strain individual borrowers face.

Sources:
Federal Reserve, Consumer Credit—G.19, November 6, 2026: https://www.federalreserve.gov/releases/g19/20261106/

## Sources
- Federal Reserve Consumer Credit—G.19, September 2026, released November 6: https://www.federalreserve.gov/releases/g19/20261106/
- Archive photograph: Federal Reserve Board, Eccles Building, March 29, 2011; public domain: https://www.flickr.com/photos/federalreserve/26088200676/