Credit card borrowing last month increased at the fastest annual rate since 2005, according to new figures from the Bank of England
"What's more, while some people may still have savings to fall back on now, as they are exhausted more people will have to turn to debt."The UK's savings boom is also dwindling, and the amount saved dropped to its lowest level in more than five years as people don't have anything spare to put away once they've paid the bills."
"Lenders will need to find ways to service this demand responsibly and comprehensively, and should where possible be using data to fight the urge to retrench to the prime end of the market."
Belgique Dernières Nouvelles, Belgique Actualités
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