What is the fastest growing type of consumer credit in 2013?

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Abdul Shakoor Khan
02-December-2012

Accounting Financial Reporting Financial Analysis Finance

Question added by Nitin Gupta, ACA , FP&A , Rockwell Automation
Date Posted: 2014/01/18

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4 Answers

by Rehan Qureshi , Financial Consultant , Self Employeed

It is consumer credit (automobile loans and all other loans not included in revolving credit) These loans are for mobile homes education vehicles or vacations. These type of loans may be secure or unsecure.

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by mohamed sabeen , QHSE Manager , Novus catering service

According to the latest figures provided by the Federal Reserve in September2013, non-revolving consumer credit is the fastest growing segment. This includes automobile loans and all other loans not included in revolving credit, such as loans for mobile homes, education, boats, trailers, or vacations. These loans may be secured or unsecured.

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