CCO, CCOG, CCOR, CCORG, CCONR, CCONRG
The consumer credit reports show outstanding credit extended for household, family and other personal expenditures. This does not include loans secured by real estate.
Revolving – Credit wherein a consumer is allowed to borrow up to a prearranged limit and repay the in one or more installments. This includes credit card debt.
Nonrevolving – Credit wherein a consumer is closed-end credit. It is extended to consumers that is repaid on a prearranged repayment schedule. This includes loans for school and cars
Analysts, investors, bankers, financial institutions
This shows the total amount of credit that is extended to households. When credit utilization increases, consumers are typically confident in current and future economic conditions. Typically, this is consistent with healthy a healthy labor market, positive sentiment, and wage growth.
