credit cards debts

Credit card balances pass £2,000 marking record high

22nd October 2026 Banking and Loans | #credit cards debts #featured main

Average active UK credit card balances surpassed £2,000 in August, marking a historic high, according to FICO. Payment rates fell after a brief recovery, contributing to increased balances. Average spending rose by 3.1% month-on-month to £840, 3.3% year-on-year, marking the highest annual growth rate in over a year. The average credit limit also crossed £6,000…

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credit cards debts

Credit card balances pass £2,000 marking record high

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