Consumer credit rose in December at a seasonally adjusted 5.4 percent annual rate, the Federal Reserve said recently​.

This number is up from 4.9 percent in November and ending the year at a 6.9 percent increase, 6 percent higher than in 2013.

Nonrevolving debt, which includes auto loans and student loans, rose by 4.5 percent, while credit cards and other types of revolving debt jumped 7.9 percent.