{"id":35662,"date":"2016-11-24T18:50:14","date_gmt":"2016-11-24T11:50:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/consumer-credit-sees-fastest-growth-in-10-years\/"},"modified":"2016-11-24T18:58:55","modified_gmt":"2016-11-24T11:58:55","slug":"consumer-credit-sees-fastest-growth-in-10-years","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/consumer-credit-sees-fastest-growth-in-10-years\/","title":{"rendered":"Consumer credit sees fastest growth in 10 years"},"content":{"rendered":"


\nPersonal loans and overdrafts fuelled increase in consumer borrowing in October, data from lenders reveals Borrowing on credit cards and loans grew at its fastest rate in almost a decade in October, according to figures from Britain\u2019s high street banks, as lenders competed to offer the best deals.The British Bankers\u2019 Association (BBA) said consumer credit was up by 7% year on year, the fast annual rate of growth since November 2006. In total, net unsecured borrowing increased by \u00a3633m during the month, up from \u00a3465m in September. Continue reading…
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\nSource : theguardian.com
\nRead more…Consumer credit sees fastest growth in 10 years<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Personal loans and overdrafts fuelled increase in consumer borrowing in October, data from lenders reveals...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-35662","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9hc","jetpack-related-posts":[{"id":36760,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rise-in-consumer-borrowing-is-fastest-since-pre-crisis-says-bank-of-england\/","url_meta":{"origin":35662,"position":0},"title":"Rise in consumer borrowing is fastest since pre-crisis, says Bank of England","date":"January 4, 2016","format":false,"excerpt":"\r Figures show consumer credit rose by 8.3% in the year to November, with borrowing on credit cards up by \u00a3411mConsumer borrowing on credit cards, loans and overdrafts is growing at its fastest rate since before the financial crisis, according to Bank of England figures that brought further warnings over\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":700,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rise-in-consumer-borrowing-is-fastest-since-pre-crisis-levels-says-bank-of-england\/","url_meta":{"origin":35662,"position":1},"title":"Rise in consumer borrowing is fastest since pre-crisis levels, says Bank of England","date":"January 4, 2016","format":false,"excerpt":"\r BoE figures show consumer credit was up by 8.3% in the year to November, with borrowing on credit cards up by \u00a3411mConsumer borrowing on credit cards, loans and overdrafts is growing at its fastest rate since before the financial crisis, figures from the Bank of England show.Unsecured consumer credit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18046,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-borrowing-rises-at-fastest-rate-in-more-than-a-decade\/","url_meta":{"origin":35662,"position":2},"title":"UK borrowing rises at fastest rate in more than a decade","date":"June 29, 2016","format":false,"excerpt":"\r Value of credit cards, personal loans and overdrafts rose by 9.9% on a year earlier in MayBritish consumers borrowed more than expected in May to buy homes and fund other purchases in a sign of confidence before last week\u2019s shock decision to leave the EU.The amount of credit extended\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70434,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/big-jump-in-uk-consumer-borrowing-fuels-likely-interest-rate\/","url_meta":{"origin":35662,"position":3},"title":"Big jump in UK consumer borrowing fuels likely interest rate","date":"October 30, 2017","format":false,"excerpt":"\r The 9.9% annual growth figure further adds to concerns of unmanageable debt among UK households as Bank of England meets to set borrowing rates Consumers maintained their borrowing habit in September, as a near-double-digit increase in lending to households left the Bank of England on track to raise interest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64182,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-credit-and-debit-card-spending-%e2%80%8bgrowing%e2%80%8b-at-fastest-rate-since-2008\/","url_meta":{"origin":35662,"position":4},"title":"UK credit and debit card spending \u200bgrowing\u200b at fastest rate since 2008","date":"August 22, 2017","format":false,"excerpt":"\r New figures showing borrowing is rising more than five times faster than earnings come after warnings from Bank of England New figures show spending on credit, debit and charge cards is growing at the fastest rate since 2008, rising more than five times faster than earnings in a fresh\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65000,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rapid-rise-in-personal-borrowing-is-cooling-says-bank-of-england\/","url_meta":{"origin":35662,"position":5},"title":"Rapid rise in personal borrowing is cooling, says Bank of England","date":"August 30, 2017","format":false,"excerpt":"\r Consumer borrowing through credit cards, overdrafts and personal loans slows slightly amid squeeze on living standards The rapid growth in borrowing by consumers appears to be slowing amid a squeeze on households, despite remaining at levels unseen since the financial crisis.The annual rate of growth for consumer borrowing through\u2026","rel":"","context":"In "Property 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