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Outstanding balances on credit cards increase by 8.3%

18th July 2024 Consumer Lending | #credit card spending #feataured main

Latest UK Finance card spending data for April 2024 has shown that outstanding balances on credit card accounts have grown by 8.3 per cent over the twelve months to April and 49.4 per cent of outstanding balances incurred interest compared to 49.6 per cent in April 2023. There were 374.6 million credit card transactions in…

Third of people have made poor financial decisions in the past two years

24th October 2023 Consumer Collections | #feataured main #financial decisions

The UK’s sustained cost of living crisis is eroding people’s confidence in managing their money, with a third (33%) feeling they have made poor financial decisions in the past two years, according to data from a recent report by AKG, sponsored by Standard Life. The research found that people are most likely to feel they…

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feataured main

Outstanding balances on credit cards increase by 8.3%

Third of people have made poor financial decisions in the past two years

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