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Demand for consumer credit rose 9.4 percent last month, reflecting an increase in the number of mortgage applications and an elevated number of personal loans.
Credit research firm Centrix's January Credit Indicator showed the increased demand for credit was somewhat offset by mixed number of credit arrears, and rising business liquidations.
"Arrears on the consumer side continue to follow the seasonal patterns. But that's 0.8 percent down on last year.
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