defaults loans

Rise in default rates on credit cards and loans

12th April 2024 Arrears and Recoveries | #defaults credit cards #defaults loans

The Bank of England’s latest credit conditions survey for the first quarter of 2024 has revealed a rise in default rates on credit cards and other loans, with overall demand for unsecured lending increased. The data shows that demand for unsecured borrowing rose in early 2024 – driven by credit cards – and is expected…

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defaults loans

Rise in default rates on credit cards and loans

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