Consumer credit increased by $13.7 billion, or 5.3%, in January to $3.112 trillion, the Federal Reserve reported Friday.
In December, consumer credit rose a revised $15.9 billion, or 6.2%, to $3.099 trillion. December's increase was originally reported as $18.7 billion.
Revolving credit outstanding inched down to $856.2 billion from $856.5 billion.
Non-revolving credit rose to $2.256 trillion from $2.242 trillion.
The consumer credit increase fell short of the median $14 billion rise projected by economists polled by Thomson Reuters.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.