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















