Credit Risk

Credit card balances fall by 12%

19th July 2021 Consumer Collections |

Latest UK Finance data has indicated that outstanding balances on credit card accounts had fallen 12% in a year to £53.3 billion, down from 19% a month earlier. The April figures showed that there were 33.9 million credit cards with balances at the end of the month, this was down 7% from April last year…

Banks urged to remember pressures that consumers and businesses face

14th July 2021 Banking and Loans | #featured

The Bank of England’s latest Financial Stability Report which sets out the Financial Policy Committee’s (FPC) agenda has urged banks to remember the pressures consumers and businesses still face despite the rapid rollout of a Covid-19 vaccine. The FPC also said that while businesses and individuals have emerged largely stable from the pandemic, there are…

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Credit Risk

Credit card balances fall by 12%

Banks urged to remember pressures that consumers and businesses face

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