Property News · January 15, 2016

Car loans drive surge in UK consumer borrowing


Personal loans and credit card borrowing jumped in November, says Bank of EnglandA surge in loans for new cars was behind a big increase in lending to households, according to Bank of England figures, which may raise fresh fears that families are falling into the trap of debt-fuelled spending. The Bank, in its quarterly credit conditions survey, said unsecured borrowing by households – such as personal loans and credit cards, but not mortgages – jumped by 8.3% in November. Continue reading…

Source : theguardian.com
Read more…Car loans drive surge in UK consumer borrowing