Getting your Trinity Audio player ready...
Americans increased their installment borrowing at a moderate annual rate of 7 percent in April as growth in consumer credit slowed from the first three months of the year, the government said Tuesday. The Federal Reserve Board said consumers took out $3.65 billion more in credit than they paid off in April, compared with net growth of $5.2 billion in March, $5 billion in February and $6.2 billion in January.
