Credit card spending hits highest point in 17 years

1st September 2023 Consumer Lending | #credit card spend

Latest FICO data on UK credit card trends reflects the impact of inflation on consumers’ budgets, as average spend hit its highest point in the 17 years since FICO records began, and average balances continued to track upwards. Although inflation started to drop in June 2023, the FICO report reveals the longer-term impact of rising…

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