Consumer credit increased by $8.8 billion in January to $3.774 trillion, the Federal Reserve reported Tuesday.
In December, consumer credit rose a revised $14.8 billion to $3.765 trillion, first reported as a $14.2 billion gain to $3.763 trillion.
Economists polled by Thomson Reuters predicted a $17 billion increase in the month.
Revolving credit outstanding in January fell to $995.1 billion from $998.9 billion the previous month.
Non-revolving credit rose to $2.778 trillion from $2.766 trillion.
Revolving credit includes credit card debt. Non-revolving debt includes automobile loans, loans for mobile homes, education, boats, trailers, or vacations.