Fed: Consumer Credit Use Up in September

It appears that the increased "recovery" in the last month is due to more borrowing.  I remain skeptical whether that is a path to recovery given the pain credit use has inflicted on so many.  Will this type of increase lead to increased filings for bankruptcy protection down the road?  From the American Bankruptcy Institute:
Fed: Consumer Credit Use Up in September
Consumer credit grew by $7.39 billion in September after falling a revised $9.68 billion in August, boosted by a category that includes student and new-car loans, a Federal Reserve report on Monday showed, Reuters reported yesterday. Revolving credit, which mostly measures credit-card use, fell $627.1 million—a third straight monthly decline after drops of $2.26 billion in August and $3.40 billion in July. Non-revolving credit, which includes auto loans, rose $8.01 billion in September after a revised $7.42 billion decrease in August. Analysts said the rise in non-revolving credit partly reflected an accounting change seen since mid-2010 that stems from health care reform and student lending having moved away from banks and toward direct lending from the federal government. The broad trend in revolving credit over the past three years has been toward reducing credit card use as consumers seek to pay down debt, or deleverage. In the 36 months since September 2008, revolving credit has risen in just four months and has been paid down in 32 of those months. Read more.
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