Consumer credit climbs 5.9% in June

WASHINGTON (MarketWatch)
Consumer credit rose 5.9%, or $13.8 billion, to a seasonally adjusted annual rate of $2.85 trillion, the Federal Reserve said Wednesday
Revolving credit like credit cards fell 3.8%, while nonrevolving credit like student and auto loans climbed 10%
Revolving credit fell for the first time since March, while nonrevolving credit has grown every month since August 2011
Credit rose at a 6% rate for the second quarter as a whole
May's gain was revised to $17.5 billion from $19.6 billion.