Total consumer credit outstanding increased $13.8 billion to $2.848 trillion for June, according to a Federal Reserve Consumer Credit report (link opens a PDF) released today.

After bumping up a revised $17.5 billion for May, analysts had expected a downturn, but their $15 billion estimate proved too optimistic for this month's report.

Revolving credit (no fixed number of payments, e.g., credit cards) tapered off a seasonally adjusted 3.8% after May's 9.1% increase equated to the largest month-to-month gain in a year's time.

Non-revolving credit (fixed installments, e.g., car payments) put in another month of consistent growth, increasing a seasonally adjusted 10% on top of May's 6.8% boost.

With June's report in, Q2 estimates are now present and accounted for. Overall credit outstanding increased a seasonally adjusted 5.9%, with most growth originating from non-revolving credit gains. While revolving credit headed just 2.1% higher, nonrevolving credit registered a 7.5% increase.

Editor's note: A previous version of this article incorrectly labeled a Q2 7.5% increase in nonrevolving credit as an increase in revolving credit. The Fool regrets the error.