U.S. consumers add to debt load

09/10/2013 | United Press International

Nonrevolving debt, including car and home loans, boosted U.S. consumer debt in July. The overall 4.5% year-on-year increase came as consumers scaled back credit card debt and other revolving credit at a 2.5% annual rate but increased nonrevolving debt at a 7.5% pace.

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