Property News · April 29, 2016

Credit card borrowing surges to 11-year high in March


Debt charities to express concern as the amount of new unsecured lending to UK consumers reaches highest level 2005 The amount UK consumers owe on loans and credit cards grew by £1.9bn in March, the highest figure in 11 years driven by a sharp rise in spending on plastic.Bank of England figures show outstanding borrowing on credit cards increased by £635m over the month, compared with an average increase of £400m over the previous six months. The figure is the highest since March 2005, and more than three times the increase recorded the previous month. Continue reading…

Source : theguardian.com
Read more…Credit card borrowing surges to 11-year high in March

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