Total outstanding balances of bank and retail-issued cards and home finance increased in January for the third consecutive month, the first time that has happened in more than three years, according to the latest Equifax National Consumer Credit Trends Report.

The total outstanding balances in January for bank-issued credit cards reached $555.4 billion for bank-issued credit cards; $62.2 billion for retail-issued credit cards; and $8.59 trillion for home finance.

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